Sunday Times 24 Desk ::
Nepal negotiating with Bangladesh to import fuel by air, as the amount agreed with China is not “enough” to overcome the crisis created in a month and a half by the border blockade India, an official said. The fuel inlet to Nepal has plummeted since the parties in the region of Terai (south) in September began a blockade on the border with India, then to its sole supplier of these products, protest at some points of the new Nepalese constitution. The protest coincides with what Kathmandu defined as an unofficial moratorium supply Indian Oil Corporation to Nepalese tanks, a charge denied by New Delhi . The negotiations with Bangladesh are in their last phase and a Nepali delegation will travel to Dhaka on Saturday to try to import fuel by air, plus a possible permanent acquisition agreement, said a spokesman for the Nepal Oil Corporation, Mukunda Ghimire.
The Himalayan country has received in recent days 950,000 liters of fuel China, with which it signed a trade agreement in late October, but the amount “is far from enough,” Ghimire said. “The situation is alarming. There’s a huge gap between market demand and supply that we have been receiving, “he added, detailing that since the beginning of the crisis the Kathmandu Valley receives about 50 thousand liters of gasoline compared to 300 thousand needed. The Vice President of the Federation of Nepalese Chambers of Commerce and Industry, Dinesh Lal Shrestha, said that “every one” of the sectors have been hit by “political turmoil” in the Terai and the consequent blockade. “Our economy has been badly damaged
The problems of the private sector are unimaginable, “said Lal Shrestha. The southern Nepal is the scene of protests for several months by the Terai minorities unhappy with the constitution, enacted in late September and it does not recognize their aspirations to form own administrative unit. The main Nepalese employers estimated that the earthquake in April in Nepal, which caused nearly nine thousand dead, protests and locking in supply have caused losses of about 10 billion dollars to the country so far of year.