fuel price hike
With automatic pricing formula, BPC can't cry wolf about losses
With the new pricing formula in place, there is no way that BPC can lose money.
Budget Subsidies: Big chunks go to power, fertiliser
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 jump after oil powers' announcement of output cut
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.
State-run oil companies see higher profits
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.
Fuel price hike could have been avoided: Wahiduddin Mahmud
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.
A roller-coaster year comes to an end
Let us forge ahead with the lessons taught by 2022
How did 2022 go for Bangladesh?
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.
Automated fuel pricing likely from next quarter
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 to hold rallies in divisional headquarters from October 8
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.
“If India has surplus oil, Dhaka could buy it given favourable prices”
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.
Govt may subsidise diesel for farmers: Agriculture Minister
Like fertiliser, the government would consider giving subsidies to farmers for diesel, Agriculture Minister Muhammad Abdur Razzaque said today.
Reducing fuel price by Tk 5 has no impact: Tawfiq-e-Elahi
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.
Fuel prices cut by Tk 5 per litre
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).
Fuel prices may be adjusted: Nasrul Hamid
The government may adjust fuel prices, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said.
Petrol pump owners’ strike on Aug 31 for increase in fuel sales commission
Petrol pump owners today called a symbolic strike on August 31 in demand of increased commission for selling fuel.
Fuel price hike: Marine fishing industry struggles to stay afloat
Bangladesh’s marine fishing industry is barely keeping head above water as their operating costs have risen significantly after fuel prices were hiked twice in the last eight months.
No plan to hike train fare now: Minister
Bangladesh Railway is not considering to hike train fare for now, Railways Minister Nurul Islam Sujan said today.
Online shopping becomes costlier
Online purchases are getting costlier as courier companies in the country have collectively raised their fares in response to the recent increase in fuel prices.
Price hike of essentials: Crooked traders to blame
The government is taking a host of measures to cool down the overheated prices of essentials in the wake of the record fuel price hike earlier this month, which is expected to escalate the already elevated official inflation figures.