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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The countrywide half-day shutdown enforced by Left Democratic Alliance (LDA) protesting the recent gas price hike passed peacefully yesterday.
The half-day hartal enforced by Left Democratic Alliance (LDA) protesting the recent gas price hike passes peacefully except for a few incidents of picketing.
A Supreme Court (SC) lawyer has filed a writ petition with the High Court seeking stay on the government’s decision of hiking the gas price.
The Left Democratic Alliance has called a half-day hartal across the country on July 7 to protest the gas tariff hike.
The Left Democratic Alliance has called a half-day hartal across the country on July 7 to protest the gas tariff hike.
The latest gas price hike may not push up the electricity price at the moment, but the move will hit some industrial sectors, including textile spinning and ceramics, as their production cost will rise significantly, industry insiders said.
Terming hike of the gas price illogical, Gonoforum calls upon the government to immediately repeal the decision of hiking gas tariff for the greater interest of people.
Left Democratic Alliance (LDA) calls a half-day hartal across the country on July 7 protesting gas tariff hike.
The government is feeling uneasy but it had to increase the gas tariff only for "adjustment", Road Transport and Bridges Minister Obaidul Quader says.
Households have to pay Tk 175 more for gas from this month, as the energy regulator yes-terday raised tariff for all users, saying the move would help the government bear the expenses of importing liquefied natural gas.
