CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

PM Oli, Indian PM Modi jointly inaugurate inter-state petroleum pipeline project

CEO TAB by CEO TAB
September 12, 2019
in Prime News
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Kathmandu, September 10: The much awaited interstate petroleum pipeline project has been inaugurated today. Prime Minister KP Sharma Oli and Indian Prime Minister Narendra Modi jointly inaugurated the project from the respective countries.

You might also like

Govt Doubles Health Insurance Coverage to Rs 200,000 for Serious Illnesses Starting July 17

NEPSE Rallies 22 Points to Close at 2,705.90, Manufacturing Sector Leads the Surge

Nepal’s Economic Pulse Strengthens: NRB Reports Boost in Key Macroeconomic Indicators

A program was organized at Singh Durbar for the PM Oli and at Hyderabad House for Indian PM Modi to switch on the project together as the inauguration via the video conference. With the inauguration, petroleum product has arrived in Amlekhgunj, Nepal from India’s Motihari. The pipeline is the first cross border project in South Asia.

In the first phase, diesel has been brought, and petrol and kerosene will be bought in the second phase. The Amlekhgunj-Motihari stretch is 69.2 km long. The pipeline supplies nearly 4,000 kl petroleum product every day, the project said. With the cross border project in place, more than Rs 2 billion is saved which was earlier spent on its transportation. Similarly, as the import cost declined, the price of the petroleum products has been slashed by Nepal Oil Corporation.

The NOC cut the price of diesel, petrol, and kerosene by Rs 2 per liter. Of the total diesel consumed in the country, 70 percent is supplied from Amlekhgunj. A high-level technical team including NOC Executive Director is at Amlekhgung in course of the project inauguration. The NOC and Indian Oil Corporation had agreed in 2004 to construct the interstate pipeline project. It was however stalled for a decade on various reasons.

In August 2015, then Minister for Commerce and Supply, Sunil Bahadur Thapa, and his Indian counterpart Dharmendra Pradhan had signed for the construction of the project. Both Nepal and India had special interest in completion of the project.

Similarly, PM Oli and the Indian PM Modi had jointly laid the foundation stone to the pipeline in New Delhi during Oli’s visit to India. The project cost is 2.75 billion Indian currencies. The program organized to inaugurate the project at Singha Durbar was attended by Cabinet members, secretaries of various ministries and high-level officials of the government. RSS

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Govt Doubles Health Insurance Coverage to Rs 200,000 for Serious Illnesses Starting July 17

by CEO Tab
July 9, 2025
0
Life Insurance Sees Surge as Bank FD Rates Drop

The Government of Nepal has announced a significant expansion in its national health insurance program, doubling the coverage limit to Rs 200,000 per person. The new provision will...

Read more

NEPSE Rallies 22 Points to Close at 2,705.90, Manufacturing Sector Leads the Surge

by CEO Tab
July 9, 2025
0
Share market rises by 74.93 points ahead of monetary policy

The Nepal Stock Exchange (NEPSE) posted a strong gain on Wednesday, climbing 22.04 points to close at 2,705.90 — reflecting growing investor optimism across most sectors. The trading...

Read more

Nepal’s Economic Pulse Strengthens: NRB Reports Boost in Key Macroeconomic Indicators

by CEO Tab
July 9, 2025
0
Interest rates not to change despite high demand for loans

Nepal Rastra Bank has reported a wave of positive developments in the country’s macroeconomic indicators, offering a sign of recovery amid continued concerns over Nepal’s broader economic challenges....

Read more

Govt Proposes 5x Insurance Boost for Domestic Air Crash Victims, Aligns with Global Standards

by CEO Tab
July 9, 2025
0
MoCTCA reports arrears of Rs 4.20 billion as of mid-January of current FY

In a landmark move toward air passenger rights and safety, the Government of Nepal is proposing to raise domestic air crash insurance compensation fivefold — from USD 20,000...

Read more

Private Sector Lending Increases by NPR 407.62 Billion in 11 Months of FY 2081/82

by CEO Tab
July 8, 2025
0
NRB removes margin lending of Rs 120 million

Bank and financial institutions (BFIs) in Nepal have increased their credit flow to the private sector by NPR 407.62 billion in the first 11 months of the fiscal...

Read more
Next Post

Tanahun ranked third on the list of most corrupted districts of Gandaki State

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.