The previous government not only turned the country into a net importer of energy, but also initiated a process to make it an import-dependent.
From the perspective of attracting FDI, the gas price hike poses a significant challenge.
The newly fixed gas tariff discriminates against new investors, as it compels them to pay 33 percent more in bills than existing ones, said Chowdhury Ashik Mahmud Bin Harun, executive chairman of the Bangladesh Investment Development Authority (Bida).
The Foreign Investors' Chamber of Commerce and Industry (FICCI) and the European Union Chamber of Commerce in Bangladesh (EuroCham) have expressed concern over a recent decision by the Bangladesh Energy Regulatory Commission (BERC) to introduce a revised gas tariff structure that differentiates between new, committed, and existing customers within the same industrial category.
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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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.
Workers Party lawmaker Rashed Khan Menon has expressed his utter disappointment in the parliament for not accepting his proposal for allowing MPs to discuss on the recent hike of gas price in the House.
BNP Secretary General Mirza Fakhrul Islam Alamgir slams the prime minister for her explanation on gas price hike and said the price has been increased to ensure the interest of some people within the ruling quarter in the name of development.
The High Court has rejected the writ petition that sought a stay order on the government decision of hiking the gas price. Following the HC order the government decision of hiking the gas price will remain effective.
Prime Minister Sheikh Hasina yesterday said people should accept the gas price hike for the sake of the country’s development as the government had to import LNG at a higher cost.
Prime Minister Sheikh Hasina says people should accept the gas price hike for the sake of the country's economic progress as the government has to import liquefied natural gas (LNG) at a higher cost.
Three lawmakers yesterday came down heavily on the government for increasing the price of gas and said the move would affect the people.
