Dhaka, Wednesday, December 19, 2018 08:14 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
No fuel price cut for now

State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Sunday said the government has no plan to reduce oil prices for now as Bangladesh Petroleum Corporation (BPC) may face a loss in the next fiscal year if international market prices continued to rise.

Reading out scripted answers following lawmakers` queries in parliament, he said the taka to dollar exchange rate was also increasing regularly.

Global market prices have been rising for the last one year, he said, adding that the lowest price was seen in January 2016 when the average cost per barrel was US$ 33.85, rising to US$ 66.03 in April 2017.

He said BPC still owed the government Tk 27,419.81 crore in loans as it incurred losses earlier selling fuel at subsidised rates.

The government slashed prices twice, on April 1 and 25, last year following a slump in the international market, he noted.

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
Deal signed for setting up of a 3,000 barrel per day capacity Catalytic Reforming Unit
     
    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
Deal signed for setting up of a 3,000 barrel per day capacity Catalytic Reforming Unit
Govt going to reduce fuel price again


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