Gas price is likely to increase further in Bangladesh ahead of the next general election following the import of liquefied natural gas (LNG), as distribution companies have proposed raising prices of all categories except household and commercial ones.
Bangladesh Energy Regulatory Commission (BERC) will hold public hearing on the adjustment of gas prices. The hearing will begin on June 11 and continue until June 21, said a BERC notification issued on May 9.
On June 11, public hearing on the Gas Transmission Company Limited (GTCL) proposal for a transmission charge increase will be held.
Titas Gas Transmission and Distribution Company will hold hearing on the proposal for a hike in distribution charge and consumer-level gas prices on June 13.
Bakhrabad Gas Distribution Company Limited and Jalalabad Gas Transmission and Distribution system limited will hold a hearing on June 14, Paschimanchal Gas Distribution Company Limited on June 18, Karnaphuli Gas Distribuntion Company Limited on June 19 and Sundarban Gas Distribution Company Limited on June 21.
If the gas prices hike, transmission charge will be raised. The hike proposal by the Gas Transmission Company is being taken under consideration.
LNG import supply to the country will begin in the last week of this month. Meanwhile, US based Excelerate Energy ship carrying LNG from Qatar RasGas has reached Bangladesh coast.
According to the proposal, the price of per cubic metre gas used for grid power production has been proposed to be increased by 206 percent. The price of per cubic metre gas has been raised from Tk 3.16 to Tk 10.48.
The price of per cubic metre gas used for captive power generation has been proposed to be raised by 66 percent. The price of gas has been increased from Tk 9.62 to Tk 16.
The price of gas used for fertiliser production has been proposed to be shot up by 372 percent with an increase in prices of gas per cubic metre from Tk 2.71 to Tk 12.80.
Besides, the price of gas used in industries has been proposed to be hiked by 93 percent with an increase in gas price per cubic metre from Tk 7.76 to Tk 14.90.
The price of compressed natural gas (CNG) has been proposed to be gone up by 120 percent. The CNG price has been hiked from Tk 40 to Tk 48.
Sources in the government said gas price is likely to be hiked following the high cost of LNG import. The government will not give a huge amount of subsidy on LNG import.
It is mentioned that gas price was adjusted last February by 22.70 percent on an average. Now average price of per cubic metre gas price is Tk 7.35.
At present, households pay Tk 750 for a single burner and Tk 800 for double burner every month.