The Parliamentary Standing Committee on Power, Energy and Mineral Resources proposed that the government should consider reducing the oil price in local market as the price has come down sharply in the international market.
The committee also discussed that if oil price in the local market comes down common people will not be directly benefited as the transport fare and other things will not be reduced simultaneously.
“There is a doubt whether transport fares will slump with the reduced oil price. Common people of the country will be directly benefited if prices of fertilizer and electricity in the residential areas are cut instead of reducing price of oil,” Atiur Rahman Atik, whip of the parliament and member of the standing committee, told the Dhaka Tribune.
In the working paper of the meeting, it was found that Bangladesh Petroleum Corporation has earned over Tk11,078 crore from November 2014 to January 2016.
The paper said, over Tk108 crore was paid from the earning to pay the loan and buy land for Easter Refinery Unit-2.
It also said even after paying those loan, still the BPC has a loan of Tk26,349 crore to pay to the government.
Tajul Islam chaired the meeting.
Among others, State Minister for Power, Energy and Mineral Resources Nasrul Hamid, Abu Jahir, M Abdul latif, AFM Bahauddin Nasim, ABM Ruhul AMin Hawlader and Nasima Ferdousi participated the meeting.
