The national energy crisis is a direct result of the corruption and nepotism encouraged by the indemnity law.
It must be made accountable for its irregularities
For the past two months a storage tank of state-run Padma Oil Company containing nearly 6,000 tonnes of furnace oil has been kept sealed off by Custom House, Chattogram on charges of dodging duty of Tk 116.74 crore.
There has been no external audit of the accounts of Bangladesh Petroleum Corporation over the last 10 years, the Parliamentary Standing Committee on Public Undertakings has found.
The government must reconsider its fuel price hike decision
After the latest fuel price hike, Bangladesh Petroleum Corporation will make a profit of Tk 205 crore per month, provided that the dollar price continues at the rate of July.
Does the government at all care about the socioeconomic fallout of massive fuel price hikes?
Chittogram Metropolitan Transport Owners' Association has announced that the public transportation service in Chattogram city will remain suspended from this (August 6, 2022) morning until the government re-fixes the fares to adjust to the fuel price hike.
Bangladesh Petroleum Corporation (BPC) Chairman ABM Azad today (July 27, 2022) said if imports were stopped today, the stock diesel (4,31,000 MT) will be able to meet demands of the whole country for 32 days.
Local airlines will face a severe blow and lose global competitiveness due to the unprecedented increase in jet fuel prices in the domestic market yet again.
Bangladesh Petroleum Corporation made huge profits for seven years through import of petroleum at low prices but the government took that money, leaving the BPC ill-equipped to cope with the current international market volatility.
Authorities must explore alternative options
The price of per litre jet fuel was raised by Tk 5 — to Tk 111 — for domestic flights today (June 12, 2022) by Padma Oil Company Limited, a subsidiary of Bangladesh Petroleum Corporation.
The installation of a fuel pipeline from Chattogram to Dhaka is progressing at a brisk pace as about half of the work is already complete while the rest is expected to be complete by December, according to project officials.