India urges Nepal government to pay outstanding dues of Indian Oil Corporation

KATHMANDU: India has written to the Nepal government to pay the outstanding dues of the Indian Oil Corporation.

The Indian Embassy urged the Ministry of Foreign Affairs for the facilitation to pay the due amount.

Nepal Oil Corporation is yet to pay around Rs 31 billion outstanding dues to the Indian Oil Corporation.

NOC and IOC are the state owned institutions.

The Indian Embassy wrote a letter to the Nepal government after these two institutions could not settle the issue.

“The government had earlier decided to slash infrastructure tax by Rs 10. Later, the government had also decided to cut the tax of diesel and petrol by Rs 29 and Rs 20 respectively,” a source at the Nepal Oil Corporation said, adding, “The problem arose after the government did not implement its decisions. India through the embassy has urged the Nepal government to pay the remaining amount of the petroleum products. The Nepali Oil Corporation has been facing problems because of the government.”