Publish : 03 Nov 2021, 11:11 PMUpdate : 03 Nov 2021, 11:11 PM
The Bangladesh Petroleum Corporation (BPC) on Wednesday raised the price of diesel and kerosene by Tk15/litre in order to keep them in line with the global market.
The new price of diesel and kerosene in the country is Tk80/litre, effective from Thursday, according to media reports.
On November 1, the price of diesel in Bangladesh stood at Tk65/litre.
The global price surge in petroleum fuels has been forcing the government to count losses as it has to import both liquid petroleum and liquefied natural gas (LNG) at rates much higher than that was last year.
According to official sources, the state-owned BPC is now importing different petroleum products at more than double the rates from last year. As a result, the BPC has been incurring a loss of over Tk20 crore per day, said a top official of the prime government petroleum marketing entity.
According to the annual plan for the fiscal year 2021-2022, the BPC will import 5.850 million metric tons of petroleum including refined and crude oils.
Of this, some 4.650 million MT will be imported as refined oil while the remaining 1.200 million MT will be imported as crude oils.
Among refined petroleum fuels, diesel dominates the bulk import as the BPC has to import 3.5-3.6 million MT of this highly demanded petroleum to meet the domestic requirement in transport, agriculture, and industrial sector while the remaining are furnace oil, Jet-A1 fuel, kerosene and octane.
BPC raises diesel, kerosene price by Tk15/litre
The Bangladesh Petroleum Corporation (BPC) on Wednesday raised the price of diesel and kerosene by Tk15/litre in order to keep them in line with the global market.
The new price of diesel and kerosene in the country is Tk80/litre, effective from Thursday, according to media reports.
On November 1, the price of diesel in Bangladesh stood at Tk65/litre.
The global price surge in petroleum fuels has been forcing the government to count losses as it has to import both liquid petroleum and liquefied natural gas (LNG) at rates much higher than that was last year.
According to official sources, the state-owned BPC is now importing different petroleum products at more than double the rates from last year. As a result, the BPC has been incurring a loss of over Tk20 crore per day, said a top official of the prime government petroleum marketing entity.
According to the annual plan for the fiscal year 2021-2022, the BPC will import 5.850 million metric tons of petroleum including refined and crude oils.
Of this, some 4.650 million MT will be imported as refined oil while the remaining 1.200 million MT will be imported as crude oils.
Among refined petroleum fuels, diesel dominates the bulk import as the BPC has to import 3.5-3.6 million MT of this highly demanded petroleum to meet the domestic requirement in transport, agriculture, and industrial sector while the remaining are furnace oil, Jet-A1 fuel, kerosene and octane.