Fears over fuel supply boost demand for electric stoves
Summary
Amid fears of LPG shortages driven by geopolitical conflicts, Nepal sees rising consumer demand for electric stoves and induction hobs as alternatives to cooking gas. Imports and government incentives for electric appliances have increased, while power reliability is improving.
Key Points
- Consumers in Nepal and India face difficulties procuring LPG amid West Asia conflicts, leading to long queues for cylinders.
- Nepal Oil Corporation plans to sell only half-filled gas cylinders to deter hoarding despite claiming the shortage is artificial.
- Demand for electric stoves and induction hobs has significantly increased as consumers seek alternatives to gas.
- Imports of induction hobs have risen, aided by reduced customs duties, although concerns over power reliability remain a hurdle.
