Ministry Reintroduces 14.2kg LP Gas Cylinders to Address Supply Shortages
Summary
Nepal's Ministry of Industry, Commerce and Supplies has reinstated the 14.2 kg LP gas cylinders to tackle market supply disruptions caused by increased costs and demand, while Nepal Oil Corporation faces losses subsidized by other petroleum products.
Key Points
- The Ministry of Industry, Commerce and Supplies in Nepal has reintroduced the 14.2 kg LP gas cylinders to resolve supply shortages.
- Nepal Oil Corporation is incurring significant losses on LP gas, which are being cross-subsidized by profits from other petroleum products.
- Transportation costs and consumer demand increased, prompting the ministry's decision to revert to full-sized cylinders from 7.1 kg cylinders.
- The gas supply deficit remains significant, with shortages of up to 17,000 metric tons monthly, raising concerns for upcoming festivals and winter demand.
