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BGMEA: Gas price hike to hit hard on garment sector

  • Published at 09:33 pm July 1st, 2019
Rubana Huq
File photo of BGMEA President Rubana Huq Collected

The government on Sunday raised the prices of gas

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Monday said the gas price hike would be another blow for an industry struggling for every penny.

"On the basis of the information I have, the gas bill will take up around 1.5% of the manufacturing cost. So, 38% increase in gas price means almost 1% increase in production cost," said BGMEA President Rubana Huq, reports UNB.

The government on Sunday raised the prices of gas.

For industrial use, gas price has been increased by 37.88% from Tk7.76 to Tk10.70 per cubic metre while for captive power, it has been increased by 43.97% from Tk9.62 to Tk13.85.