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Power tariff hiked by 2.93%, gas 26.29%

Update : 27 Aug 2015, 10:45 AM

The prices of electricity and gas have been hiked by 2.93% and 26.29% respectively on an average.

The Bangladesh Energy Regulatory Commission (BERC) announced the increased prices of electricity and gas on Thursday afternoon.

After six months of public hearing, the announcement of the revised tariffs came following a meeting with prime minister’s energy adviser Tawfiq-e-Elahi Chowdhury on Wednesday.

The hikes will be effective from September 1, 2015, BERC Chairman AR Khan said at a press briefing at Karwanbazar in the capital.

The consumers have to pay Tk600 for using single burner while Tk650 for double burner.

Read More: Power, gas price hike announcement today

However, the announcement for slicing fuel oil prices might be made through executive orders at a later time.

The bulk price of electricity was raised after three years, retail price after one year and that of gas after seven years.

Since 2009, the BERC has increased power tariffs six times.

In September 2012, power tariff at the bulk level was raised by 17% to Tk4.70 per unit.

In March 2014, retail price of electricity was raised by 7.17% to Tk6.5 from the previous Tk5 per unit rate.

The last time the price of gas was increased in November 2008. After coming to power in 2009, the Awami League-led government only increased the price of compressed natural gas (CNG) several times.

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