National Oil Corporation Current Affairs, GK & News

IOC signs pact with Nepal oil body

Nepal Oil Corporation (NOC) and Indian Oil Corporation (IOC) inked an agreement on the supply of petroleum products for the next 5 years. As per the agreement, IOC has agreed to waive off 2.5% Price Adjustment Factor, which includes refinery and transportation charges among other technical losses under IOC’s existing price formula. As per NOC, ..