The federal government desires to extend the cost of gasoline within the commercial sector by way of one and a part instances –

The federal government desires to extend the cost of gasoline within the commercial sector once more. It’s proposed to extend the cost of gasoline in keeping with unit from Tk 30 75 paise to Tk 75 72 paise. Bangladesh Oil, Fuel, Mineral Sources Company (Petrobangla) submitted an offer to the Bangladesh Power Regulatory Fee (BERC) on Monday after approval from the Power Division. The cost of gasoline will build up provided that BERC approves the rise within the fee assembly.

In line with Petrobangla’s proposal, outdated consumers might be billed for gasoline utilized in far more than authorized load on the new value. Industries that experience won new connection commitments must pay as much as 50 % of the licensed load in advance. Past this, new costs had been proposed for the remainder.

Petrobangla gifts an image of gasoline utilization in business. From November 2023 to October 2023, 14.78 million cubic meters of gasoline has been utilized in far more than the authorized load within the business. And 5 crore 76 lakh cubic meters of gasoline has been utilized in extra in captive. In line with the proposal, the gasoline invoice might be on the new value in case of extra intake within the outdated factories.

Petrobangla buys locally produced gasoline from more than a few corporations. It prices them a mean of 6 taka 7 paisa in keeping with unit. But even so, the price of uploading liquefied herbal gasoline (LNG) is greater than 75 rupees. The corporate is in loss. On the other hand, the federal government isn’t prepared to present new subsidies. So now Petrobangla desires to cross all the price of LNG import at the business.

Petrobangla has proven that there could also be a deficit of Tk 16 thousand 162 crore within the present monetary 12 months (2024-25) by way of uploading LNG. Calculating the price of LNG bought from closing July to September, the cost in keeping with unit has been proposed at 75 72 paise. Out of this import price is 63 taka 58 paisa. And the remainder is proven as tasks, taxes and working bills.

BERC chairman Jalal Ahmed advised the media about Petrobangla’s proposal that Petrobangla’s value hike proposal has been submitted to the fee. It’ll be reviewed on Tuesday (January 7). Then motion might be taken in keeping with the verdict of the board assembly of the fee.

In February 2023, the manager order raised gasoline costs by way of a mean of 82 %. Then the cost of gasoline within the business used to be greater from 11 taka 98 paisa to 30 taka. Captive used to be greater from Rs 16 to Rs 30. Later, the cost of gasoline used to be greater by way of 30 taka 75 paise in Captive.

NS/EA/JIM