The rumour that went fuelled around that the country will face fuel crises, and which sent people panicking and rushing to fuel up their cars then came to be true. People are queuing to fill their cars for hours. There is shortage of fuel in Paro and Thimphu.
In a fact-check of the ministry of economic affairs, the notification disregarded the rumour appeasing the public panic. It said there is nothing to worry about. However, people started feeling the brunt of it in reality.
It is understood that there are some truth about the misunderstanding between the Indian oil companies and the government of India which is obstructing the import. It was the rumour about the hike in the fuel price and shortages hitting the country are not true saying the country has enough reserve.
There was effort from the government’s side. The economic affairs ministry has approached the Indian embassy through the foreign ministry to resolve the fuel import problem at the earliest. Public were informed six fuel tankers were already cleared from Jaigaon to supply fuel in the country and the problem will be resolved soon.
Now official source seems wrong and rumours true.
Strikingly, the fuel prices at fuel depots across the country increased yet again to a new record high. In Thimphu, a litre of petrol now costs Nu 100.32 and the diesel increased to Nu 115.70, up from Nu 103.
Explanation for the price increment by the concern authority says the fuel prices increased at the source. The oil companies in India are passing the effect of a surge in global crude oil prices and weakening rupee value against the dollar onto its consumers.
The 2021–2022 global energy crisis is the most recent in a series of cyclical energy shortages experienced over the last fifty years. It is more acutely affecting countries such as the United Kingdomand China among others. And Bhutan is facing the rippling effect since the country imports fuel from India.
The well known reason is war in Ukraine, setting into motion the first global energy crisis of its kind. The energy crunch is likely to intensify, which is not just oil but gas too.
Now the nation(s) around the world should respond by reducing their use of oil and gas. Bhutan should certainly minimize the usage of fuel.
Public should reduce speed limits, work from home or urge travelers to walk considering the distances. The recommended measures also include using public transport, car-pooling and reducing fares on public transportation.