The price of crude oil has already increased by 10 percent to about US$80 per barrel. Analysts have warned that if the conflict drags on, prices could exceed $100 a barrel. Global LNG prices have increased by 20 to 25 percent. Additionally, the US dollar has strengthened against major currencies, which is likely to further […]
After the attacks by the United States and Israel, a warning was broadcast over maritime radio on Saturday night advising ships to stop sailing through the Strait of Hormuz. The announcement has created uncertainty in the import-export trade that depends heavily on the Middle East. However, Iran’s Foreign Minister Abbas Araghchi told Al Jazeera on […]
Under an automated pricing system, officials now adjust fuel prices according to the international market at the beginning of each month. Fuel prices went down due to adjustments in the last two months. As per the latest notification, diesel and kerosene will be sold at Tk 107 per liter instead of the previous Tk 106. […]
Several senior diplomats, speaking on condition of anonymity, said that Qatar's former Emir Hamad bin Khalifa Al Thani had visited Bangladesh in 2005. Another Emir of Qatar is set to visit Bangladesh after almost two decades. Qatar's diplomatic relations with the Arab League, particularly other Middle East countries and Arab countries led by Saudi Arabia, […]
The government has introduced an automatic pricing mechanism for fuel oils in line with global market prices. Thanks to the development, there has been a slight decline in fuel prices in the local market. According to a gazette notification issued by the Ministry of Power, Energy and Mineral Resources on Thursday, diesel and kerosene prices […]
The proposal on the revised fuel price has been sent to the Prime Minister's Office as Prime Minister Sheikh Hasina is the Minister of Power, Energy and Mineral Resources. As soon as the proposal is approved, a gazette will be issued on the revised price. BPC always makes profits from petrol and octane prices. Seventy-five […]
Expressing hope that the prices will come down, he said that earlier the agencies were asked why they do not reduce the prices in the domestic market when the prices come down in the global market. Now that the matter has been resolved; Prices will be adjusted regularly. If the price increases again in the […]
Energy experts and economists argue that prolonged inflationary pressures have burdened people, while the government struggles to rein in market prices. Meanwhile, the government takes advantage of increased gas prices to generate revenue. However, there was an opportunity to reduce the cost of fuel oil, potentially lowering prices in various market sectors, particularly in agricultural […]
Typically, the price tariff is set at a price lower than the purchase price, thus, reducing the expense of the BPC. However, if the National Board of Revenue (NBR) wants to impose import duty on procurement prices, BPC’s expenditure on fuel oil will increase. Since the government has not yet finalized the matter, BPC has […]
Analysts say high inequality creates social instability. The workers’ agitation has intensified demanding salary increase. Many analysts believe that high inequality levels hinder economic growth. The global risk report further said that Bangladesh will lag behind in meeting the Sustainable Development Goals (SDGs) due to lack of funds. To meet the SDGs by 2030, Bangladesh […]
BPC sources say that the available stock of jet fuel may last till January 1. However, two ships carrying jet fuel and diesel are expected to reach Chattogram port on Friday. The process of unloading the goods from the ship to the depot may take two days, but officials believe that this will not create […]