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Coronavirus fears spark panic buying nationwide as government urges calm
There is enough stock of daily essential items to last six months, with enough liquid petroleum gas to last a month, according to a report.Krishana Prasain
Industry Minister Lekh Raj Bhatta said that there are no shortages of essential goods in the market but buyers are still stocking up.
“It’s because we have a weak supply chain and lack coordination among government bodies that often causes panic among consumers to stockpile goods.”
Chandra Ghimire, secretary at the ministry, said that the government has been working on regulating and inspecting the market actively. “If traders are found involved in unfair trade practices to earn a quick buck to take advantage of a crisis period, they will face action,'' he said.
Surendra Poudel, general manager at Nepal Oil Corporation, said liquefied petroleum gas plants are supplying 30,000 gas cylinders daily in the Kathmandu Valley. However, long lines can be seen as consumers rush to secure a cylinder.
Similarly, the government is also planning to operate a hotline number so that consumers can complain if they face any problem in getting essential goods and the inspection team will work immediately off their tip, Bhatta said.
Bhatta said that the report from Food Management and Trading Company, Salt Trading and traders shows that there is enough stock of daily essential items to last six months, with enough liquid petroleum gas to last a month.
Rather than fearing and panic buying, consumers need to be aware and stay alert, said Bhatta. “The government has done the necessary preparation for smooth supply and distribution of essential goods with the resources that we have,” he said.
“The Indian government has also informed suppliers of essential drugs and if a problem in supply arises, we will try to solve it diplomatically,” he said.
In terms of market inspection, all ministries will be coordinating with all the related departments and local government. “The Indian government has said that they will not halt the supply of essential goods,” said Bhatta.
The ministry said it would request the Finance Ministry to provide a custom waiver on the import of masks and sanitisers to ensure smooth transport.
Baikuntha Aryal, secretary at the ministry, said that a memorandum of understanding has been signed between Salt trading and Trading Corporation of Bangladesh for direct trade on essential goods.