With the new pricing formula in place, there is no way that BPC can lose money.
The allocation for subsidies in agriculture, food, and power will be raised considerably in the next budget, with an aim to ease inflationary pressure on people.
Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in US price data had boosted market optimism.
While most listed companies struggled to raise profits in the first half of 2022-23 owing to higher petroleum prices, listed state-run oil companies in Bangladesh saw a staggering double-digit growth in earnings.
Bangladesh would hardly have needed to go for a sudden hike in fuel prices last year had the government waived value added tax (VAT) on petroleum, Eminent Economist Wahiduddin Mahmud said today.
Let us forge ahead with the lessons taught by 2022
Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.
The government is likely to introduce dynamic fuel pricing next quarter -- a development that will dramatically lessen the subsidy burden and pave the way for enhanced social spending.
BNP has announced to hold rallies in divisional headquarters from October 8, protesting the price hikes of the daily essentials and fuel and also killing of its activists during recent protest programme.
Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.
The government is likely to introduce dynamic fuel pricing next quarter -- a development that will dramatically lessen the subsidy burden and pave the way for enhanced social spending.
BNP has announced to hold rallies in divisional headquarters from October 8, protesting the price hikes of the daily essentials and fuel and also killing of its activists during recent protest programme.
The number of filling stations that dispense liquefied petroleum gas (LPG), also known as Autogas, is on an upward trend across the country as consumption is growing amid government efforts to cut dependency on compressed natural gas (CNG) and fuel oil.
Prime Minister Sheikh Hasina discussed a range of issues, including Myanmar and energy security, with Indian External Affairs Minister S Jaishankar in New Delhi today during her first official engagement on the opening day of her four-day state visit to India.
Like fertiliser, the government would consider giving subsidies to farmers for diesel, Agriculture Minister Muhammad Abdur Razzaque said today.
Prime Minister’s Energy Adviser Tawfiq-e-Elahi Chowdhury today (August 31, 2022) said it would have been better to continue with the existing price of fuel instead of reducing it by Tk 5.
The government has decided to cut fuel prices by Tk 5 per litre, which will be effective from 1:00 am tomorrow (August 30, 2022).
The government may adjust fuel prices, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said.
Petrol pump owners today called a symbolic strike on August 31 in demand of increased commission for selling fuel.
