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.
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.
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.
Three lawmakers yesterday came down heavily on the government for increasing the price of gas and said the move would affect the people.
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.
The Left Democratic Alliance has called a half-day hartal across the country on July 7 to protest the gas tariff hike.
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.
In the face of strong opposition from consumers, the energy regulator hinted it may raise gas prices lower than that proposed by the distributors as the four-day public hearing on the proposals ended yesterday.
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.
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.
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.
Three lawmakers yesterday came down heavily on the government for increasing the price of gas and said the move would affect the people.
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.
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.
In the face of strong opposition from consumers, the energy regulator hinted it may raise gas prices lower than that proposed by the distributors as the four-day public hearing on the proposals ended yesterday.
