CNG filling stations across the country will remain closed for six hours daily during Ramadan.
From the beginning of Ramadan, all CNG filling stations in Bangladesh will remain closed from 5pm to 11pm until Eid-ul-Fitr, instead of 6pm to 11pm, state-owned Petrobangla announced on Wednesday.
The decision to extend the daily CNG filling station closure by an hour during the holy month comes in the wake of the volatility in the global energy market caused by Russia's invasion of Ukraine.
Sources also told UNB that the ongoing energy crisis in several parts of the world, including Bangladesh, has forced the state-owned corporation to issue the new instructions.
On September 16 last year, the government directed CNG refuelling station owners to keep their pumps shut for four hours from 6pm to 10pm and then extended it by an hour from March 1.
Energy industry insiders say the country imports about 20% of its gas at high cost as liquefied natural gas (LNG) and re-gasifies to supply fuel to local networks.
For the past few months, the price of LNG in the global market witnessed a steep hike — from $6 per MMBtu to over $30 per MMBtu.
“The recent war between Russia and Ukraine has created further volatility in the global market, which ultimately forced the authorities concerned to take such measures to reduce supply at CNG pumps,” said an energy industry insider.
