BANGLADESH NEWS
State-run Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) has sent a proposal to the country's energy watchdog, Bangladesh Energy Regulatory Commission (BERC), to increase gas prices, except at the domestic consumer level.
The regulator has been proposed to increase the price of the gas supplied in the CNG refilling stations by 39 percent and 32 percent for the industries, five percent for the power plants and nine percent hike for the fertiliser factories.
The proposal urged BERC to make the new rates effective from July 1.
BERC Chairman Syed Yusuf Hossain told on Thursday that Petrobangla had placed a proposal to raise gas prices at all consumer levels, except for domestic consumers.
"The prices will be refixed after holding an open meeting and a mass hearing," he added.
The Petrobangla proposal said that the volume of gas wastage was increasing due to its low price, and thus, the government was being deprived of huge revenue collection.
"The amount of fund allocated for execution of various projects under the annual development programme (ADP) has been declining gradually for several reasons. So, it needs to increase gas prices to boost gas production and implement those projects," the proposal explained.
Petrobangla also said that the cost of purchasing gas from international companies working in the country was on the rise as they had increased their production, as the government was committed to buying a certain percentage of the gas produced by them. Moreover, the gas prices needed to be increased to form a fund for gas exploration, the state-owned oil company said.
According to the proposal, per 1,000 cubic metre natural gas tariff for power plants should be raised to Tk 84 from Tk 79.82 (5.24 percent rise), for fertiliser factories to Tk 80 from Tk 72.92 (9.71 percent rise), for industrial users to Tk 220 from Tk 165.91 (32.60 percent rise) and for privately-owned smaller power plants Tk 240 from Tk 118.26 (102.94 percent rise).
For commercial consumers, prices will be hiked to Tk 350 from Tk 268.09 (30.55 percent rise), for tea gardens Tk 200 from Tk 165.91 (20.55 percent rise) and for CNG gas refilling stations price will be up to Tk 905.92 from Tk 651.29 (39.10 percent rise).
The last time the government increased gas prices at various consumer levels in Nov 2008.
Domestic gas users are currently charged Tk 450 per month for double burners and Tk 400 for single burner.
The regulator has been proposed to increase the price of the gas supplied in the CNG refilling stations by 39 percent and 32 percent for the industries, five percent for the power plants and nine percent hike for the fertiliser factories.
The proposal urged BERC to make the new rates effective from July 1.
BERC Chairman Syed Yusuf Hossain told on Thursday that Petrobangla had placed a proposal to raise gas prices at all consumer levels, except for domestic consumers.
"The prices will be refixed after holding an open meeting and a mass hearing," he added.
The Petrobangla proposal said that the volume of gas wastage was increasing due to its low price, and thus, the government was being deprived of huge revenue collection.
"The amount of fund allocated for execution of various projects under the annual development programme (ADP) has been declining gradually for several reasons. So, it needs to increase gas prices to boost gas production and implement those projects," the proposal explained.
Petrobangla also said that the cost of purchasing gas from international companies working in the country was on the rise as they had increased their production, as the government was committed to buying a certain percentage of the gas produced by them. Moreover, the gas prices needed to be increased to form a fund for gas exploration, the state-owned oil company said.
According to the proposal, per 1,000 cubic metre natural gas tariff for power plants should be raised to Tk 84 from Tk 79.82 (5.24 percent rise), for fertiliser factories to Tk 80 from Tk 72.92 (9.71 percent rise), for industrial users to Tk 220 from Tk 165.91 (32.60 percent rise) and for privately-owned smaller power plants Tk 240 from Tk 118.26 (102.94 percent rise).
For commercial consumers, prices will be hiked to Tk 350 from Tk 268.09 (30.55 percent rise), for tea gardens Tk 200 from Tk 165.91 (20.55 percent rise) and for CNG gas refilling stations price will be up to Tk 905.92 from Tk 651.29 (39.10 percent rise).
The last time the government increased gas prices at various consumer levels in Nov 2008.
Domestic gas users are currently charged Tk 450 per month for double burners and Tk 400 for single burner.
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