The inconsistency
In this context Bangladesh Petroleum Corporation incurred a loss of Tk 2700 crore due to the fuel subsidy in the previous fiscal year and the lose for the outgoing fiscal is about TK 3000 crore.
The adviser to the Energy and Mineral Resources Division, Mahmudur Rahman disclosed on the fuel price readjusting day that 'in India the price per litre of octane is equal to Tk 68 while that of per litre petrol is equal to Tk 64.' Due to the huge fuel price gap and encompassing long zigzag border with India Bangladesh must suffer reasonable amount of imported fuel leakage that ultimately is loss of valuable foreign currency. On the other hand, the agricultural and industrial production cost has to be remained same or lower by the reasonable fuel price and other applicable subsidy as well as the price of kerosene has to be kept within the purchase capacity of the rural people.
For all latest news, follow The Daily Star's Google News channel. In this scenario we the general citizens of Bangladesh want cautious, prudent and consistent action from the government.