Minister for Industry, Commerce and Supplies Matrika Yadav has requested the parliamentary committee to lift legal restrictions on the land the Nepal Oil Corporation (NOC) earlier purchased for the storage of petroleum products.
Speaking at a meeting of the Industry, Commerce, Labor and Consumers Interest Committee under the House of Representatives Sunday, the Ministry made this request. Legal restrictions were put following disputes in the procurement processes.
"The NOC needs the removal of restrictions on the land it had purchased for the specific purposes," he said, pledging to discontinue syndicate imposed by petrol pumps and tankers involved in the distribution and transportation of petroleum products. A lottery system, if necessary, could be practiced to make the process of granting permission to operate tankers and pumps transparent.
According to him, efforts are on to remove misconducts long existing in the industrial sector.
Prior to this, the committee members drew the attention of ministers toward the issues of embezzlement of funds in the purchase of plots of land by the NOC and monopoly by dealers and tankers associated with the distribution and transportation of petroleum products.
