• Saturday, May 30, 2020
  • Last Update : 12:55 am

Will another gas price hike be announced?

  • Published at 02:58 pm June 30th, 2019
Gas Stove
Representational Photo Bigstock

The price increase will depend on the government's subsidy in this sector

Bangladesh Energy Regulatory Commission (BERC) could possibly announce another round of gas price hike later on Sunday.

The announcement will be made at a press briefing around 4pm, said an official of the commission on terms of anonymity.

However, the price increase will depend on the government's subsidy in this sector.

Titas Gas Transmission and Distribution Company previously proposed increasing the price of gas used in captive power and industrial units by 96%, to 132%.

Gas distribution companies have proposed increasing the price of gas from Tk7.76 per cubic feet to Tk15.70 per cubic feet or 93% for industry, while it proposed raising it by 63% to Tk15.70 per cubic feet from Tk9.62 per cubic feet, for captive power. The authority also proposed to increase the price of gas by 17% to Tk20 per cubic feet from Tk17.04 per cubic feet, for commercial use.

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