Finance Minister Ishaq Dar told a press conference on Sunday that he hoped the announcement would put an end to speculation on social media about a price hike or cut in petrol supplies. He said the hike was recommended by oil and gas authorities because of the high cost of buying energy in the global […]
Cabinet Secretary Khandkar Anwarul Islam said that after this the government changed the law to avoid complications. BERC does face some problems, for example, Anwarul said, sometimes it is not able to coordinate properly on an urgent basis in case of urgent need. Asked whether the Ministry of Power, Energy and Mineral Resources would be […]
Local manufacturers and exporters yesterday said the recent price hike of fuel will increase their production cost and undermine competitiveness. “The production and distribution costs in the garment sector will go up, which will also cut competitiveness,” said Shafiul Islam Mohiuddin, president of Bangladesh Garment Manufacturers and Exporters Association. Asif Ibrahim, president of Dhaka Chamber […]
Retailers in the capital city have increased prices of all but coarse varieties of rice by about Tk 2 to Tk 4 a kilogram in the current week on the excuse of an increase in transport cost after the fuel price increase effected on September 19. Wholesalers at Babubazar on Dhaka, however, said that the […]
Thousands of anti-riot police were in the streets of Bangladesh’s capital city Thursday as the opposition alliance launched a day-long general strike in protest of a fuel price hike. The strike, occurring all over the country, paralyzed daily life as road communications were heavily disrupted and schools and business establishments remained closed on Thursday, the […]
There was a ‘double surprise’ from the government this week. First, all of a sudden, it raised the fuel prices by a big margin that included petrol, octane, diesel and furnace oil. Secondly, it enhanced compressed natural gas (CNG) price by Tk 5.0 per unit. With CNG price-hike, the government also enhanced transport fares in […]