The ITFC, part of Saudi Arabia's Islamic Development Bank, said the financing was aimed at developing Bangladesh's energy infrastructure
However, both of the state-owned oil marketer made profits in Jul-Dec period
The company has been selling its bitumen plant's by-products like diesel and petrol to the BPC
Government must reduce financial burden for citizens
Earlier, it would take 10 days
It’s time to address the technical, operational, managerial, design and planning aspects of the energy crisis.
BPC once again found to be at the centre of it
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
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?
Record price hikes mark an anti-people policy shift
Following the criticism that Bangladesh Petroleum Corporation made profits earlier but did not decrease fuel prices and now when they are at loss, they hiked the prices, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said BPC used its profits in various development projects.
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.