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Oil Price


Fuel shortage hits Nepal’s capital


Nepal’s capital is suffering acute fuel shortages because the state-owned oil company says it cannot afford to import more fuel from India.

The Nepal Oil Corporation says price rises in the wake of the Libya crisis have meant it is making a loss on the sale of petrol, diesel and kerosene.

The energy crisis has left Kathmandu at the mercy of rolling 14-hour power cuts every day. While tolerant, some residents are starting to lose patience. Al Jazeera’s Subina Shrestha reports from the country’s capital.




Backup generators


Cars in Nepal line up for scarce fuel in shortage


Landlocked Nepal imports all its oil products from India. Nepal Oil Corp spokesman Mukunda Dhungel said sole supplier Indian Oil Corp cut off shipments because of unpaid debt.