Fuel supply to resume from Saturday
Petroleum supply entrepreneurs have agreed to resume the transportation of petroleum products from Saturday after they reached an agreement in three basic points with the government Friday evening.
The entrepreneurs had halted transportation of fuels from Sunday protesting against a decision of Nepal Oil Corporation (NOC) to phase out tankers more than 20 years old.
Ministry for Commerce and Supplies (MoCS) and Federation of Petroleum Supply Entrepreneurs, Nepal (FPSEN) have agreed to form a joint panel with representatives from NOC, FPSEN and Nepal Petroleum Dealers Association (NPDA). The joint panel will recommend reforms at NOC.
The government also agreed to have NOC cancel the bid for 165 new tankers.
According to Siddhi Lal Shrestha, vice-president of FPSEN, the entrepreneurs have agreed to phase out old tankers if the decision comes directly from the government and NOC.
The government had formed a talks panel led by joint secretary at MoCS Surya Prasad Silwal in order to resolve the impasse that had adversely affected the fuel supply of the country creating shortage of petroleum products.
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