Friday, 5 August 2016

Nepal Oil Corporation makes profit of Rs 18b profit after 5 years of losses

Posted by Anup Baral August 5th, 2016 :

The state-owned oil monopoly Nepal Oil Corporation has announced that it made a profit of Rs 285 million in the month of May. NOC officials have attributed the increase in profits due to decrease in fuel prices in the international market. NOC had earlier been suffering from losses due to the government’s decision to not hike fuel prices. NOC currently bears losses in cooking gas and diesel whereas it makes profit on petrol and aviation fuel. In the month of April, NOC’s losses stood at Rs 160 million. NOC is expected incur losses of Rs 33.8 million in June due to the rise in US Dollar. NOC imports fuel and cooking gas from Indian Oil Corporation (IOC). The Indian supplier is the sole provider of petroleum products. The government has recently allowed private companies to import fuel products. NOC’s total debt is around Rs 20 billion.

Guide of the month: January 2018

Traveling gives us the opportunity to disconnect from our regular life. You get to forget your problems/issues for a few weeks, it can also help you figure things out that you would not have understood without the distance traveling can give you. We all have crazy schedules, work and a family to take care of, going away alone or with some friends can give you distance and perhaps even make you realize how important these people are for you. Like the saying says: we never know what we have until we lose it.

Another great benefit is the relaxation you get to do. It’s nice to live life to its fullest and enjoy a stress free time with yourself. Going on vacation lets us recharge our “batteries” by disconnecting us from our regular life. When we come back we feel invigorated and we are happy to be back in our day to day routine. It’s a very good stress remover that has a lot more to give than most people are willing to accept.

Traveling increases our knowledge and widens our perspective. To view new customs, different ways of living is fantastic for the mind. It gives us a new perspective about life and especially our life, it can help us change some of our habits or even create new ones. When I travel I usually make it a point to try new food, some cultures don’t have fries in their diet and they are all skinny, others use spices to give taste and not oils or fats. Discovering different values and ways to get by in life is really interesting. You also need to visit exotic new places and discover what this wonderful world has to offer.