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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
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December 29: The profit of Nepal Oil Corporation has increased despite a decline in fuel consumption due to the effect of coronavirus, the state-run national news agency reported.
According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year.
According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation.
Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent.
NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77.
The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year.
Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit.
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
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'title' => 'NOC makes Rs 13 Billion Profit despite Lockdown ',
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'summary' => 'December 29: The profit of Nepal Oil Corporation has increased despite a decline in fuel consumption due to the effect of coronavirus, the state-run national news agency reported.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">December 29: The profit of Nepal Oil Corporation has increased despite a decline in fuel consumption due to the effect of coronavirus, the state-run national news agency reported.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
<p> </p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the final audit report of the last fiscal year 2076/77, the state-owned corporation earned Rs 12.87 billion profit in a year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the report, the corporation's profit has increased as id did not have to incur transportation after the Motihari-Amalekhgunj Petroleum Pipeline came into operation. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Surendra Poudel, executive director of NOC, said that the corporation's profit has increased in the last fiscal year 2076/77 due to the earning from interest, savings in transportation expenses and reduction of subsidy on LPG. According to him, the corporation has earned an average profit of five percent. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">NOC earned profit of Rs 19.36 billion in FY 2072/73, Rs 9.45 billion in FY 2073/74 and Rs 3.58 billion in FY 2074/75. Likewise, there was profit of Rs 8.75 billion and Rs 12.87 billion profit in FY 2075/76 and FY 2076/77. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The profit has increased after the reduction in the price of fuel in the international market and automatic pricing system adopted by the corporation. The report stated that saving in fuel transportation cost and interest from previous year’s profit helped increase the profit this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Furthermore, according to the report, NOC saved Rs 1.47 billion in 10 months period for importing fuel through the pipeline. Likewise, the corporation informed that it earned Rs 1.77 billion from the interest of last year’s profit. </span></span></span></span></p>
<p> </p>
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include - APP/View/Elements/side_bar.ctp, line 133
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