Welcoming the initiative, many customers in line demanded clear penalties for those violating the rules. Motorcyclist Raju Ahmed said it is not enough to send criminals back after catching them; Cases should be registered against them so that no one can dare to come again. Rafi Islam, another rider, said the authorities should publicly disclose […]
Iran’s de facto blockade of the Strait of Hormuz, through which 20 percent of the world’s oil and gas normally flows, and multiple attacks on energy infrastructure in the Middle East have sent crude prices soaring. A barrel of North Sea Brent crude was up 3.26 percent at $112.19 on Friday. On Wall Street, stocks […]
A customer named Sohag Mia was also seen arguing with Ramiz Mollah. Speaking to Prothom Alo, he said, “Be it small or big, all businessmen are the same. Somehow or the other, they always find ways to cut the throats of the public.” However, Commerce Minister Khandaker Abdul Muktadir termed the sales above MRP as […]
Truck drivers claimed that even though half the day is spent collecting fuel, they still do not get all they need. The influx of vehicles due to the crisis has created additional pressure on both the depots and the fuel stations in the city. Meghna Petroleum Corporation, based in Godnel, Siddhirganj, supplied 5,000 liters of […]
On Monday, WTI rose 31.4 percent to a session high of US$119.48 a barrel, while Brent rose 29 percent to US$119.50 a barrel. ​Before Monday’s surge, Brent was up 27 percent and WTI was up 35.6 percent last week. “Unless oil flows from the Strait of Hormuz resume soon and regional tensions ease, prices will […]
Addressing journalists in Brussels, Birol said the “strategic disruption” from the war was “creating challenges for many countries” but there was more than enough oil on the global market. Asked if the IEA was considering releasing emergency stocks, Birol said “all options are on the table” but there were no plans for “collective action” “at […]
Still, daily freight rates for LNG tankers rose more than 40 percent on Monday after Qatar halted its production. Atlantic rates rose 43 percent on Monday to US$61,500 a day, or US$18,750 from Friday, according to Spark Commodities, a pricing agency for LNG shipping. Pacific rates rose 45 percent from Friday to US$41,000 per day, […]
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 […]
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. […]
Bangladesh is finally going to issue a fresh international tender next week for oil and gas exploration in the Bay of Bengal. Many international companies have already shown interest in bidding. Petrobangla, the government-owned agency involved in natural gas, oil, coal and mineral resources, has invited 55 companies in the tender process. Sources in the […]
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 […]