Nepal Oil Corporation Limited

What Nepal Oil Corporation Limited does

Nepal Oil Corporation Limited (NOC) is the state-owned petroleum monopoly of the Government of Nepal, founded in 1970 and wholly owned by the Ministry of Industry, Commerce & Supplies. NOC is the sole authorized importer, storer, and distributor of petroleum products in Nepal — a landlocked market entirely dependent on cross-border supply from India. Its product portfolio covers Motor Spirit (petrol), High Speed Diesel, Superior Kerosene Oil, Liquefied Petroleum Gas, and Aviation Turbine Fuel (Jet A-1), with aviation fuel supplied in both duty-free and duty-paid formats.

Underlying technology is physical logistics infrastructure: bulk fuel depots at Amlekhgunj, Charali, Janakpur, Birgunj, Nepalgunj, Thankot, Pokhara, Bhairawaha, Surkhet and Dhangadi; aviation fuel depots at Sinamangal (Tribhuvan International Airport) and regional airports; a tank-truck fleet with digital locking systems; and the cross-border Motihari-Amlekhgunj petroleum pipeline inaugurated in September 2019. Recent modernization includes automation of the Amlekhgunj fuel depot and digital tank-truck locking for inventory tracking. An automatic price-setting mechanism operates under the Petroleum Product and Gas Price Stabilization Fund Operating Regulations, 2077, and an ethanol-blending mandate has been issued under Order 2082 BS.

NOC's business model is direct distribution at government-regulated retail prices, with geographic price differentials by depot proximity (e.g., petrol NRs 194.5–197.0/L; LPG NRs 1,030/cylinder). Go-to-market is B2C and B2B via authorized dealers (petrol pumps), LPG bottlers, packed kerosene dealers, aviation fuel depots, and direct sales to enterprise accounts. Customer segments include general consumers and households, the aviation industry, transportation and logistics, and off-grid/rural communities. Primary upstream partner is Indian Oil Corporation under a 5-year General Supply and Technical Agreement; downstream customers are diffused across the Nepali economy. NOC is loss-making on multiple regulated SKUs (kerosene, LPG, ATF duty-paid), with the Petroleum Product and Gas Price Stabilization Fund functioning as a quasi-fiscal backstop.

Name

Nepal Oil Corporation Limited

Legal name

Nepal Oil Corporation Limited

Website

https://noc.org.np

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

101–250 employees

Short description

Nepal's state-owned petroleum monopoly, founded in 1970, importing and distributing petrol, diesel, kerosene, LPG, and aviation fuel nationwide via 7 provincial offices, 12+ depots, and the cross-border Motihari-Amlekhgunj pipeline.

Ownership category

akta.pro rank

Product category

Petroleum Product Distribution

NAICS

Petroleum and Petroleum Products Merchant Wholesalers (4247), Petroleum Bulk Stations and Terminals (424710)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)

akta.pro secondary industries

Aviation Fuel Marketing (Into-Plane, Airport Fueling) (EUALAIAH), Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD)

Keywords

• Petroleum product distribution
• Fuel import services
• LPG bottling supply
• Aviation fuel supply
• Oil storage infrastructure

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Petroleum Product Sales: Revenue generated from the sale of petroleum products including petrol (MS), diesel (HSD), kerosene (SKO), aviation turbine fuel (JET A-1), and LP Gas. The corporation sets retail prices based on government regulations and maintains geographic price variations across Nepal.
2. Aviation Fuel Supply: Supply of aviation fuel (ATF) to airports including Sinamangal, with duty-free and duty-paid pricing structures.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Nepal Oil Corporation is Nepal's state-owned monopoly that imports, stores, and distributes petroleum products including petrol (MS), diesel (HSD), kerosene (SKO), LP Gas (LPG), and aviation turbine fuel (Jet A-1) across the country. It operates the Motihari-Amlekhgunj cross-border pipeline, multiple fuel and aviation depots, and a nationwide network of authorized dealers serving all seven provinces. Pricing is government-regulated with geographic differentials across retail and aviation fuel segments.

Product overview

Nepal Oil Corporation Limited operates as Nepal's state-owned petroleum products company, functioning as a single unified operation rather than a modular platform. The company imports, stores, and distributes petroleum products including Petrol (MS), Diesel (HSD), Kerosene (SKO), LP Gas (LPG), and Aviation Turbine Fuel through a nationwide network of provincial offices, fuel depots, and authorized dealers. The core product portfolio consists of petroleum fuels sold at regulated retail prices, supported by storage facilities and distribution infrastructure across all 7 provinces. Key infrastructure includes the Motihari-Amlekhgunj petroleum pipeline and multiple aviation fuel depots serving Nepal's airports.

Differentiator

Problem solved

Functional benefit

Products and services

• Petrol (Motor Spirit / MS) Motor Spirit (petrol) for personal and commercial vehicles, distributed through the nationwide authorized dealer network across all seven provinces of Nepal. Priced at NRs 194.5-197.0 per liter depending on depot location.
• Diesel (High Speed Diesel / HSD) High Speed Diesel for transportation fleets, agricultural machinery, and industrial use, sold across Nepal's authorized dealer network at NRs 192.5-195.0 per liter depending on depot location.
• Kerosene (SKO) Superior Kerosene Oil used for lighting and cooking, particularly in off-grid and rural communities with limited electricity access. Distributed via packed dealers at NRs 192.5-195.0 per liter by location.
• LP Gas (LPG) Liquefied Petroleum Gas sold in cylinders for household and commercial cooking at NRs 1030.0 per cylinder (within 15KM of depot). Distributed through authorized LPG bottlers listed on the NOC website.
• Aviation Turbine Fuel (Jet A-1) Jet A-1 aviation fuel supplied directly from NOC's aviation fuel depots to airlines operating domestic and international flights. Available in duty-paid (NRs 229.0/L) and duty-free (USD 1085.0-1566.0/KL by location) variants.
• Motihari-Amlekhgunj Petroleum Pipeline Import Service Cross-border petroleum pipeline from Motihari, India to NOC's Amlekhgunj fuel depot, enabling efficient bulk fuel imports and reducing dependency on road transportation for fuel supply to Nepal.
• Fuel Storage and Depot Services

Quantifiable outcome

• Operating at a loss on multiple core products (kerosene -53.28 NPR/L, LP Gas -1078.03 NPR/cylinder) as of May 2026.

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Indian Oil Corporation Limited (IOCL)coreStrategic or Co-development Partner · 2 October 2024Indian Oil Corporation is the primary supplier of petroleum products to Nepal Oil Corporation. The two companies signed a B2B Framework Agreement for the development of petroleum infrastructure in Nepal (October 2, 2024). A General Supply Agreement and Technical Agreement between IOC and NOC for 5 years was also signed, with exchanges of documents in the presence of the Prime Ministers of India and Nepal. NOC management regularly attends Apex Level meetings with IOCL officials (most recently March 2023 in Mumbai).
• Government of IndiacoreStrategic or Co-development Partner · 10 September 2019Government of India, through its diplomatic channel, co-inaugurated the Motihari-Amlekhgunj petroleum pipeline with the Government of Nepal on September 10, 2019, via video conference between Prime Ministers Narendra Modi and KP Sharma Oli.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Bangladesh Petroleum Corporation: Bangladesh's state-owned petroleum import and distribution entity. Highly comparable as a South Asian government monopoly that imports and distributes fuels under regulated pricing, with a similar import-dependent supply structure and policy-driven pricing constraints.
• Myanmar Petroleum Products Enterprise: Myanmar's state-owned petroleum importer and distributor. Comparable to NOC as a government monopoly responsible for fuel imports and domestic distribution under regulated pricing, with similar import-dependence and political-pricing dynamics.
• Pakistan State Oil Company Limited: Pakistan's largest state-affiliated oil marketing company handling import and distribution of petroleum products. Similar to NOC as a state-influenced fuel importer and wholesaler operating under regulated pricing, though it competes with private OMCs in Pakistan.
• Ceylon Petroleum Corporation: Sri Lanka's state-owned petroleum monopoly handling import, refining, storage, and distribution. The closest regional analog to NOC as a government-controlled national fuel monopoly with similar import-dependence and pricing-regulation dynamics, though it operates its own refinery.

Emerging players

• Numaligarh Refinery Limited: Indian public-sector refinery with crude oil throughput and petroleum product supply. Tangentially comparable to NOC as a state-affiliated petroleum operator in the region, though smaller in scale and focused on refining rather than downstream distribution.

Broad incumbents

• Bharat Petroleum Corporation Limited: Indian public-sector oil marketing company that imports, refines, and distributes petroleum fuels across India. Highly comparable to NOC in business model (state-affiliated full-service petroleum marketing) but operates at vastly larger scale and across multiple Indian product markets.
• Hindustan Petroleum Corporation Limited: Indian public-sector OMC with similar import, storage, and retail distribution operations. Comparable to NOC as a state-affiliated fuel wholesaler and retailer, though materially larger and operating in a more competitive Indian market.
• Reliance Industries Limited (Reliance BP Mobility): India's largest private-sector petroleum and petrochemicals company with a fuel retail network. Comparable to NOC in the wholesale and retail fuel distribution space across South Asia, though Reliance is a private conglomerate rather than a state monopoly.
• Nayara Energy (formerly Essar Oil): Private-sector Indian fuel retailer and refinery operator with a nationwide retail network. Comparable to NOC in operating petroleum retail and wholesale distribution in the South Asian region, but as a private competitor rather than a state monopoly.

Direct peers

• Indian Oil Corporation Limited: NOC's primary supplier and strategic partner under a 5-year General Supply Agreement and 2024 B2B Framework Agreement. IOC operates the upstream/downstream petroleum business that NOC's wholesale distribution arm in Nepal effectively extends into, making it the closest functional analog despite the cross-border relationship.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCiHPvnGf1LyXVqET1h9jd1g
• Facebookfacebook.com/NOCL.OFFICIAL
• LinkedInlinkedin.com/company/nepal-oil-corporation-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Nepal Oil Corporation Limited