KATHMANDU: The Indian Oil Corporation (IOC) has crossed the milestone of supplying 100 million liters of diesel, in a single month, for the first time, via the Motihari-Amlekhgunj Petroleum Pipeline.

The milestone was reached at 3:10 pm on Thursday, according to a tweet by Indian Embassy in Kathmandu.

The pipeline saved more than Rs one billion on transportation and other related expenditure.

According to the annual economic report of the fiscal year 2076/77 released by Nepal Oil Corporation, Rs 1.47 billion was saved in the supply of petroleum products in 10 months from Bhadra 2076 to Asadh 2077 BS.

The NOC has been saving Rs 147 million monthly after the supply of petroleum products through the pipeline. The Motihari-Amalekhgunj pipeline was brought into operation on September 10, 2019.

Executive Director at NOC, Surendra Poudel, said the NOC started saving a large amount of money after the supply of diesel through the pipeline.

The profit increased also because of the decrease in the price of petroleum products in the international markets in recent years.

The NOC, which had been running at loss for a long time, is now in profit for some years.

The pipeline has played an important role in meeting the requirement of diesel during the peak COVID-19 lockdown period.