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[Nepal] Petrol lines return as NOC unable to pay import bills

eKantipur, 22 November 2007

An oil shortage has hit the market once again as the Nepal Oil Corporation (NOC) has not been able to bring in adequate stocks from last week. NOC spokesperson Ichchha Bikram Thapa attributed the short supply to the corporation's sliding back into the red. “Amid a sharp rise in international prices, the corporation's losses have once again mounted to Rs 370 million a month,” he told the Post.