The state owned monopoly, Nepal Oil Corporation (NOC) reaches out to commercial banks for 2 billion rupees in short term loan: According to analysts Nepal is seeing a major inflation in within the next month, thanks to the revised diesel prices. The state owned monopoly, Nepal Oil Corporation (NOC) raised its diesel price from Rs.46 per liter to Rs.55 per liter, 18 February. The current price is still less than the international market price and less than what NOC pays to buy it from India. As a result NOC has been bearing losses of over 570 million rupees a month. As a result, NOC released a notice for 2 billion rupees in short term loans from commercial banks in Nepal. According to a notice published by NOC on the state owned newspaper Gorkhapatra, NOC would pay half the amount (1 billion) within ninety days and the other half ninety days after the first payment. This is the second time NOC has addressed the commercial banks, the first appeal did not see any active response. We are yet to see if NOC actually receives the amount from commercial banks. While it might just be a way to get money and pay India to make sure there is normal flow of oil from India, it might also be a planned strategy to privatize NOC. The government faced a strong criticism on its plans to privatize NOC. Question is - Where money goes to? Who gonna pay loan? Where OIL export and Sell income went or goes to?