No plan to raise fuel prices for now: Energy adviser
Adjustments will be made using the Bangladesh Petroleum Corporation (BPC)’s profits, he says
Despite a slight rise in global oil prices amid the Middle East tensions, the government has no plan to raise fuel prices in the domestic market for now, said Energy Affairs Adviser Muhammad Fouzul Kabir Khan.
"Any disruption in fuel supply will depend on how long the conflict continues. For now, we have short-term fuel arrangements. Although prices have risen slightly on the global market, fuel prices in the domestic market will remain unchanged. Adjustments will be made using the Bangladesh Petroleum Corporation (BPC)'s profits," he told reporters after a contract signing ceremony at Bidyut Bhaban in the capital today (24 June).
He also mentioned that the Middle East conflict is being monitored closely, and that neither subsidies nor local fuel prices will be increased. Cost-saving efforts are ongoing in imports as well. "Just last week, we saved Tk21 crore through a single tender," he noted.
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Earlier, at the signing ceremony, the adviser said energy security is being given top priority. "There are already significant subsidies in the power and energy sector -- these cannot be increased further. So we must reduce expenses. Millions of dollars have already been saved."
Sylhet-based Jalalabad Gas PLC has signed a gas sales agreement with LafargeHolcim.
Under the agreement, Jalalabad Gas will supply natural gas to Lafarge's cement plant in Chhatak, Sunamganj.
