Fuel Shortage Leaves Drivers Frustrated: What’s Behind the Crisis?

Consumers are returning from gas stations empty-handed, raising questions about the ongoing fuel shortage. Many are wondering when the long-promised reduction in fuel prices will finally occur. This promise was made by the Alliance of Change during their campaign for the recent general elections.

While some economists have suggested a decrease of 10 rupees per litre, the Minister of Commerce has forwarded the proposal to the Ministry of Finance for further review.

As of Monday, December 2, many motorists were unable to fill their tanks, and there are three key factors contributing to this fuel scarcity:

1. Anticipated Price Reductions: The expected decrease in fuel prices is causing station owners to hesitate in ordering their usual supply.
2. If prices go down, gas stations may incur losses unless the government provides compensation.
3. Before implementing any price reduction, it’s essential for authorities to measure the remaining fuel volume in the storage tanks.
4. As a result, some station owners are refusing to accept their normal fuel deliveries, waiting instead for the anticipated price drop.
5. Supply Chain Issues: Another reason for the fuel shortage is the supply chain disruptions caused by certain fuel distribution companies.
6. Some gas stations have not received their shipments because other stations ordered larger quantities, straining the available supply.
7. Peak Consumption Period: The consumption of fuel typically peaks between November and December, exacerbating the existing shortage during this busy season.

As drivers anxiously await a reduction in fuel prices, all eyes will be on the upcoming Council of Ministers meeting this Friday, December 3, hoping for a resolution to the ongoing crisis.

Source: Defi Media