Nepal seeks additional fuel from China in grantNepal has sought an additional 6,000 tonnes of diesel, petrol and aviation fuel and 5,000 tonnes of cooking gas in grant from China.
Nepal has sought an additional 6,000 tonnes of diesel, petrol and aviation fuel and 5,000 tonnes of cooking gas in grant from China.
As it is taking time to start commercial import of Chinese fuel, Nepal requested the northern for more grant fuel so as to ease supply amid shortages due to India-imposed trade embargo. China had provided 1,000 tonnes of fuel in grant to Nepal earlier this month.
Ministry of Commerce and Supplies (MoCS) said it dispatched a letter two weeks ago requesting the northern neighbour for the fuel under its annual financial and technical grants to Nepal.
“We have requested China to supply the fuel through the Rasuwagadhi-Kerung border point,” said Shiva Prasad Tripathi, under-secretary at the ministry.
Nepal has sought 2,000 tonnes each of petrol, diesel and aviation fuel and 5,000 tonnes of cooking gas.
After signing a framework agreement with China on October 28, Nepal transported 1,000 tonnes of the grant fuel from state-owned Petro-China through the Rasuwagadhi-Kerung border point.
Although the government plans to sign a commercial deal to import 30-40 percent of the country’s fuel requirement from China, it said the deal was being delayed due to issues related to tax waiver.
Govt requests for tax waiver
KTHMANDU: Ministry of Commerce and Supply has said it has sent a letter to the Chinese government, requesting the latter to waive off tax on petroleum products that Nepal plans to import commercially from the northern neighbour. A ministry official said
the letter was sent through the Foreign Ministry on Friday. “We have also asked the Foreign and Finance Ministries to coordinate on the issue,” he said. Currently, a two-member technical team of Nepal Oil Corporation (NOC) is in Beijing to negotiate with Petro-China on a range of issues. After PetroChina told the Nepali team that the tax issues should be dealt at government-level, the government dispatched the formal letter.