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Diesel crunch cripples industry

00:09 Jan 3 2012 Nepal

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Scarcity of diesel, a major industrial fuel, at a time when the state cuts electricity supply 11 hours a day, has seriously hampered industrial operations, inflicting a huge loss on private investors and the economy.

Hoteliers said they are facing a tough time lighting up their hotels, operating lifts and providing other basic services to tourists, while manufacturers say the fuel scarcity has left them with no option but to cut production.

“Energy crisis has hit us all. But the situation is worse in the case of manufacturing, as lack of energy has limited their output to 25 percent of capacity,” said Dinesh Shrestha, chairman of the FNCCI Industry Committee.
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