From now on, new industrial connections will be charged Tk 40 per cubic metre
The caution comes as consumer prices, despite easing in the last two months, have stayed over 9 percent for the 24th month in a row
The Bangladesh Energy Regulatory Commission (BERC) is going to hold a public hearing tomorrow on the proposed hike in gas prices for industrial use.
Four associations, including BGMEA, sent joint letter to the power adviser
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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 garment makers have urged the government to increase gas price in phases because it is tough to tolerate a sudden big hike amid the existing volatile domestic and global economic situation.
Medical treatments are about to get costlier as production cost for manufacturing drugs will go up by at least 25 per cent following a recent hike in gas and power charges, 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.
The latest gas price hike will increase the cost of production in the country, Khondaker Golam Moazzem, research director of the Centre for Policy Dialogue, told The Daily Star.
What impacts will the recent electricity price hike bring, in the context of the ongoing inflation?
The Consumers Association of Bangladesh took the Bangladesh Energy Regulatory Commission to court to make them review their decision to hike gas prices and the High Court on Monday asked BERC why it was not doing so.
The increase in gas tariff in June and the fuel price hike on Saturday will have an immediate negative impact on transportation, essential commodities and electricity, said the Dhaka Chamber of Commerce and Industry (DCCI) yesterday.
Friday’s unprecedented hike in fuel prices, hot on the heels of increased electricity, fertiliser and gas prices, served as yet another massive blow to the people who are already struggling to barely survive amid surging living costs.
Record price hikes mark an anti-people policy shift
There will be one hour long load shedding countrywide from tomorrow to reduce energy subsidy, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said today (July 18, 2022).
BNP has demanded that the government cancel its recent decision to hike price of gas by 22.78 percent.
Bangladesh’s energy regulator has decided to increase gas price by 22.78 percent for all users, on average.
Prime Minister Sheikh Hasina yesterday said those who are criticising the gas price hike have failed to understand the reality and didn’t see the development works carried out by the government.
