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.
Oil prices jump as soft dollar, tight supplies support
Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand.
Fuel prices may go up by at least Tk 10
The government is bent on raising fuel prices by Tk 10-30 each litre, despite vehement opposition from consumer rights groups and experts.
A hike in fuel prices now will be too much to bear
Authorities must explore alternative options
This inflationary crisis demands an all-out govt effort
PM’s directives should be followed through to the letter.
Sri Lankan president Gotabaya appoints 17-member new cabinet
Beleaguered Sri Lankan President Gotabaya Rajapaksa has named a 17-member cabinet, despite growing calls for his resignation, according to the BBC.