CAB rejects gas price hike. Accuses ministry & BERC of harming consumers.

It seems that the government is creating a new threat of the quality and price of refined fuel oil being manipulated by permitting private companies to import and refine crude oil

Will we hear yet another "eggcellent" proposal to import dub in order to force the local market to lower their price?

Production costs in the ceramics industry of Bangladesh will rise by up to 15 per cent due to a recent hike in the price of gas, which adds to the list of crises threatening the sector’s overall growth, according to manufacturers.

The latest hike of gas prices undoubtedly spells trouble for industries as they will try to shift the burden onto consumers by raising product prices, which will boomerang onto them by eating away at their competitiveness in international markets. 

Bangladesh’s energy regulator has decided to increase gas price by 22.78 percent for all users, on average.

Bangladesh Energy Regulatory Commission (Berc) will announce the new gas tariff at the consumer level tomorrow (June 5, 2022).

It will do much more harm than good

State Minister for Power and Energy Nasrul Hamid says Tk 14,000 crore subsidy needs to be added if the government does not increase gas price.

There would have been no need to increase the gas price even if half of the corruption in Petrobangla and Titas was reduced, the High Court said yesterday.

Business leaders yesterday spoke out against the distribution companies' proposal to hike the gas price by 132 percent for industrial units and recommended raising the prices in phases.

In the face of strong opposition from consumers, the energy regulator hinted it may raise gas prices lower than that proposed by the distributors as the four-day public hearing on the proposals ended yesterday.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and a number of other trade bodies yesterday joined a growing list of groups and people who are demanding scrapping of the government's plan to increase gas price further.

Bangladesh Energy Regulatory Commission (BERC) yesterday announced their decision of not enhancing gas price, “considering the overall situation”.

The energy regulator may soon increase gas prices for industries, power stations, filling stations, fertiliser factories and tea estates as the government is set to pass the price of imported liquefied natural gas on to users.

The High Court yesterday declared the June-1 hike of household gas price illegal.

Lawmakers of the Jatiya Party walk out of the parliament protesting hike in prices of power and gas.