BERC decision on gas price hike today
Bangladesh Energy Regulatory Commission (BERC) is set to announce its decision today on enhancement of natural gas prices, endorsing a maximum raise up to 15 percent.
According to sources, BERC has already completed evaluation of Petrobangla's proposals for raising the gas tariffs and also the opposite view expressed by other stakeholders and consumers in the gas sector.
The sources said the BERC may allow the state-owned Petrobangla to raise gas prices by 10-15 percent for different types of consumers with effect from the first quarter of next year.
On September 24, the BERC held a public hearing on the issue of gas price where Petrobangla pleaded for an average 65 percent hike. The representatives from other stakeholders opposed it.
Most of the export-oriented industrial sectors like garments and textiles oppose the price-hike idea. “If the state-owned petroleum corporation is allowed to increase the tariffs of gas, it will have chain affects on all the socioeconomic sectors”, they feared.