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Govt to import fuel from China

Gorkha Post

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KATHMANDU —

The legislature has formally begun the procedure to import petroleum items from China.

Newly elected Commerce and Supplies Minister Ganesh Man Pun on Saturday said the government was set to import fuel from the China National Petroleum Corporation as the country is reeling under an intense lack of fuel products.

A team containing officials from the Foreign and Commerce ministries and the NOC will leave for Beijing on Sunday or Monday to seal the deal.

This will end the four-decade long imposing business model of the Indian Oil Corporation (IOC) as the fuel supplier to Nepal.

According to Pun, the agreement will pave the way for the state-owned Nepal Oil Corporation as well as private companies to import fuel from China.
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China has pledged 1,000 tonnes of petroleum products as subsidy to Nepal before signing the deal. The government plans to import 10,000 tonnes of fuel after the deal as a temporary measure to make the supply situation normal.

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DPM Pokharel gets responsibility of Officiating PM

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KATHMANDU — Ahead of his visit to the People’s Republic of China, Prime Minister KP Sharma Oli has given the responsibility of the Officiating PM to Deputy Prime Minister and Minister for Defence Ishwar Pokharel.

PM Oli, who is also the chairman of Nepal Communist Party (CPN), is leaving here for China today.

Similarly, Oli has appointed party’s senior leader Madhav Kumar Nepal as the officiating chairman of CPN, according to CPN central committee member Bishnu Rijal. Currently, another chairman of CPN Pushpa Kamal Dahal ‘Prachanda’ is out of the country.

Likewise, deputy parliamentary party leader of CPN Subas Chandra Nembang has got the responsibility of officiating parliamentary party leader in the absence of parliamentary party leader and PM Oli.

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