NOC earns Rs 9.55 billion profit

KATHMANDU: Nepal Oil Corporation (NOC) has made profit of Rs 9.55 billion in the fiscal year 2024/25.

This information was shared in the Corporation’s 43rd Annual General Meeting on Friday.

In the last fiscal year, the corporation imported petroleum products worth Rs 356.72 billion and sold the same worth Rs 364.52 billion.

The corporation has sold petroleum products worth Rs 383 billion in the previous fiscal year 2023/24.

The state-owned corporation, which has a monopoly on import and sale of petroleum products, has been facilitating the supply of petroleum products across the country.