Taskforce studying prospects of involving private sector in fuel trade

KATHMANDU: The government is studying if the private sector can be involved in the supply of petroleum products and cooking gas in the country.

The meeting of the council of ministers on May 24 formed a high-level committee to reconsider various policy arrangements to make the supply of petroleum products systematic, transparent and effective. The meeting also talked about restructuring the Nepal Oil Corporation.

Minister for Industry, Commerce and Supplies Dilendra Prasad Badu said that the task force was formed to study the rising cost of petroleum products and see if there was an efficient way to import and distribute petroleum products in the country.