Dhaka, Wednesday, December 19, 2018 08:10 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
Circular for fuel oil price reduction by last week of April

A circular regarding the fuel oil price reduction will be issued within April 21-24, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said.

During a press briefing organised at the secretariat on Wednesday, the State Minister said that the declaration date for price reduction would be announced three days before the circular.

During the first phase, the price of diesel will be reduced by Tk 4-5 and the price of octane, petrol and kerosene will be reduced by Tk 10-15.

The license of the petrol pump will be cancelled upon its failure to comply with the new circular and upon its failure to supply fuel to the customers.

After the government declared to reduce the price of fuel oil in April 4, the petrol pumps either stopped taking oil or reducing their intake from the depot.

As e result, many customers could not find oil at different petrol pumps from April 6. In few pumps, customers were forced to buy oil at higher prices as the oil stock was way below the demand there.

During the press briefing, Nasrul said that some dishonest businessmen started selling oil at higher prices. Some of them also stopped selling oil. "We are monitoring these situations. Those who do these sort of things will loose their licences."

Nasrul said that they have identified over 350 petrol pumps which sell adulterated fuel oil. He informed that the minister has taken initiative to cancel licence of those pumps.

Print PDF

   You may also like

Category: Petroleum
Unipec, Vitol poised to win tender to supply fuels to Bangladesh

Category: Petroleum
Bangladesh tenders for 1.425m tonnes of oil products

Category: Petroleum
Hasina, Modi inaugurate construction of 130km cross-border oil pipeline

Category: Petroleum
Sheikh Hasina, Modi to open Bangladesh-India oil pipeline Tuesday

Category: Petroleum
BPC makes Tk26cr profit in 4 years

Category: Petroleum
Bangladesh urges French help for energy sector

Category: Petroleum
China to give $554m for Single Point Mooring project

Category: Petroleum
15-yr deal likely with India to import diesel thru’ pipeline

Category: Petroleum
No fuel price cut for now
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Petroleum Stories
Unipec, Vitol poised to win tender to supply fuels to Bangladesh
Bangladesh tenders for 1.425m tonnes of oil products
Hasina, Modi inaugurate construction of 130km cross-border oil pipeline
Sheikh Hasina, Modi to open Bangladesh-India oil pipeline Tuesday
BPC makes Tk26cr profit in 4 years
Bangladesh urges French help for energy sector
China to give $554m for Single Point Mooring project
15-yr deal likely with India to import diesel thru’ pipeline
No fuel price cut for now
Deal signed for setting up of a 3,000 barrel per day capacity Catalytic Reforming Unit


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy

   Editor & Publisher: Aminur Rahman
   Copyright @ 2015-2018 energynewsbd.com
   All Rights Reserved | Developed By: Jadukor IT