The ongoing tension between Iran, Israel, and the United States has deepened the global energy crisis. Especially in South Asian countries, the disruption of fuel supply and rapid price increases have significantly impacted the lives of common people. However, for India, it’s a relief that petrol and diesel prices are currently stable, and there has been no increase in domestic LPG prices, while the situation in neighboring countries continues to worsen.
Rising Trouble in Bangladesh and Pakistan
The situation in Bangladesh is becoming quite serious. People are having to stand in long queues for cooking gas. The country imports about 95% of its energy needs, leading to petrol prices reaching approximately 116 Taka and diesel 100 Taka per liter. To manage the situation, the government has advised ‘work from home’ in offices, universities have been closed, and fuel rationing has also been implemented.
The situation in Pakistan has also become quite serious. Fuel prices here have reached their highest level in South Asia. Petrol is selling at a record high of approximately 458-460 Pakistani Rupees per liter and diesel at 500-520 Rupees per liter.
To manage the situation, the government has taken several strict measures. Fuel allowances for government employees have been cut by up to 50% for two months. To reduce spending on oil imports, a 4-day work week has been implemented in government offices, and only 50% employee attendance has been made mandatory.
With the aim of energy saving, it has also been decided to hold Pakistan Super League (PSL) matches without spectators, to reduce electricity consumption and transportation-related expenses.
Energy Crisis Deepens in Nepal Too
Due to rising oil prices and dwindling foreign exchange reserves, Nepal’s situation is also deteriorating. After crude oil prices reached 110-113 dollars per barrel, the government has taken several strict measures to save energy.
Now the working hours for government offices and banks have been reduced to 7 hours, meaning work will only be from 10 AM to 5 PM. To reduce electricity consumption, shopping malls and markets have been ordered to close after 7 PM. Additionally, decorative lighting at weddings and parties has also been completely banned.
