Nepal and India will now officially start fuel trade after the virtual-inauguration of the Motihari-Amlekhgunj oil pipeline project in August 2019.<\/p>\n
Both countries representatives PM KP Sharma Oli and Narendra Modi will inaugurate the oil pipeline project.<\/p>\n
Nepal Ministry of Foreign Affairs (MoFA) and Nepal Oil Corporation (NOC) confirmed the groundwork for the inauguration in August first week.<\/p>\n
There is also a likelihood for Presidents of both countries Bidya Devi Bhandari and Ram Nath Kovind to inaugurate the project as the former had invited Kovind for an official visit to Nepal.<\/p>\n
“While the first option is more likely, the two governments are also exploring the possibility of the second option,” said an MoFA<\/span> source.<\/p><\/blockquote>\n
According to NOC, the total cost for the project went up to NPR 3.25 billion despite an earlier estimation of 2.75 billion.<\/p>\n
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The commencement of the project will not only ease NOC\u2019s transportation cost, but will also reduce fuel prices in the domestic market.<\/p>\n
“Commercial operation of the cross-border fuel project will bring down fuel price by at least one rupee per litre,” said Sushil Bhattarai<\/span>, NOC Deputy Executive Director.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
Nepal and India will now officially start fuel trade after the virtual-inauguration of the Motihari-Amlekhgunj oil…<\/span><\/p>\n