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.
Textile mill owners yesterday said they were willing to shell out 40 percent more for gas if the supply was uninterrupted. Supply disruptions were costing the industry crores of taka, they said.
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.
Textile mill owners yesterday said they were willing to shell out 40 percent more for gas if the supply was uninterrupted. Supply disruptions were costing the industry crores of taka, they said.
