Taufiq Elahi says electricity and gas tariffs frozen till fuel prices stabilise.

Taufiq-e-Ilahi Chowdhury, Energy Advisor to the Prime Minister, has said that although petroleum and gas prices are falling in the international market, the government will not make downward adjustments in electricity and gas tariffs until a stabilisation. He made the remarks while unveiling a publication titled Empowering Bangladesh by the Forum for Energy Reporters Bangladesh […]

IMF backs Bangladesh energy price hike, hints at further subsidy cuts

The International Monetary Fund has welcomed Bangladesh’s efforts to cut subsidies for the energy sector by increasing the prices of fuel oil, gas and electricity, indicating more price hikes. In a country report on government requests for loans, the IMF said authorities would explore options to gradually reduce energy subsidies. Control measures could exacerbate ongoing […]

USAID Provides $75 Million in Aid to Host Community Rohingya in Bangladesh

The US Agency for International Development (USAID) is providing an additional $75 million in humanitarian assistance to help vulnerable Rohingya refugees in Cox’s Bazar and Bangladeshi host community members meet ongoing needs from rising food and fuel costs. With this new funding, USAID will work closely with the United Nations’ World Food Program (WFP) to […]

Fuel crisis: Sylhet traders announce indefinite strike from January 18

As per the organisation’s decision, traders will stop purchasing from depots from next Wednesday (January 18) and sales to consumers indefinitely next Sunday (January 22). Speakers at the meeting said, “The supply of fuel has been less than the demand for a long time. Sylhet oil traders have no option but to protest.” The announcement […]

Airlines in New Zealand forced to ration jet fuel, but see limited effect

A Singapore Airlines spokesperson said it is working closely with authorities to understand whether operations will be affected, adding “there are currently no changes to our scheduled operations.” Jade Energy, an importer that supplies about 40% of New Zealand’s transport fuel, said routine tests on Monday revealed conductivity levels above regulatory thresholds, although previous tests […]

Russia condemns oil price cap, Zelensky calls cap level not ‘serious’

The attacks have caused widespread blackouts, and cut off water supplies and heating to civilians when temperatures in some areas dropped to minus five degrees Celsius (41 degrees Fahrenheit). Authorities have scheduled power cuts several times a day to keep essential infrastructure working. In eastern Ukraine, where fighting is still raging, the governor of the […]

The government wants to control the increase in the prices of gas and electricity at its own will: M Tamim

According to the Bangladesh Energy Regulatory Commission (BERC) Act, electricity and gas prices in the country are decided through public hearings. By amending the Act, the government wants to take control of the pricing decision. The cabinet has already approved the amendment. M Tamim, former special assistant on energy to the caretaker government’s chief advisor, […]

Fuel prices raised

DHAKA MAY 5: The supervision has lifted prices of all kinds of fuels by Tk 2 per litre. As per an senior physical education instructor sequence of the supervision upon Thursday evening, per litre octane will be sole during Tk 79, motor fuel during Tk 76, motor fuel during Tk 46, kerosene during Tk 46 […]