Dhaka, Wednesday, December 19, 2018 08:09 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
Govt going to reduce fuel price again

The government is going to adjust the prices of four different petroleum fuels to reflect the downscaling in global oil price.

The price of petrol and octane will be reduced by 5 per cent and 8 per cent for kerosene and diesel per litre.

A proposal will be send to Ministry of Power, Energy and Mineral Resources from the Ministry of Finance within this week. After reviewing, the proposal will send for the nod of Prime Minister, said an official of Ministry of Finance.

The new prices of petrol will be Tk 81.70, octane Tk 84.55, kerosene and diesel Tk 60. Jet fuel and furnace oil price will be out of this reduction.

If the proposal of Ministry of Finance got final approval especially if the price of diesel and kerosene reduced then the poor, middle class and villagers will be more benefited.

The subsidiary in electricity production will be reduced if diesel price reduced. Farmers and electric pump users will be specially benefited. 

Ministry of Finance already made a synopsis about the fuel price reduction where the new proposed petrol price will be Tk 81.70 instead of present selling price Tk 86.00 reducing by Tk 4.30.

Octane will be Tk 84.55 instead of present price Tk 89.00 reducing by Tk 4.45. The present price of both kerosene and diesel is Tk 65.00 and new prices will be Tk 60 reducing by Tk 5.00.

Despite the proposed reduction of four different petroleum fuel prices, Bangladesh Petroleum Corporation (BPC) will be profit trend.

BPC will earn Tk 116 crore, Tk 125 crore, Tk 335 crore and Tk 1,279.34 crore yearly from selling petrol, octane, kerosene and diesel respectively total amounting 1,854.72 crore from the above four petroleum fuels. The synopsis was made after analyzing the International oil market trend.

According to recent report of Bloomberg, the oil price will be stable in 2017despite the downscaling in global oil price in last 3 years. Fuel price specially Brent Crude Oil will be $ 58 per barrel. Gulf Research Center assumes the price will be around $ 60 per barrel through the current year. According to The World Bank oil price will be $ 55.2 per barrel.

Assuming the price at $ 60 per barrel, BPC will make Tk 3.22 profit from the sale of per litre diesel after reducing present price by 8 per cent and Tk 10.56 from kerosene.

 

 

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