fuel price hike
Budget Subsidies: Big chunks go to power, fertiliser
The allocation for subsidies in agriculture, food, and power will be raised considerably in the next budget, with an aim to ease inflationary pressure on people.
Oil prices jump after oil powers' announcement of output cut
Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in US price data had boosted market optimism.
State-run oil companies see higher profits
While most listed companies struggled to raise profits in the first half of 2022-23 owing to higher petroleum prices, listed state-run oil companies in Bangladesh saw a staggering double-digit growth in earnings.
Fuel price hike could have been avoided: Wahiduddin Mahmud
Bangladesh would hardly have needed to go for a sudden hike in fuel prices last year had the government waived value added tax (VAT) on petroleum, Eminent Economist Wahiduddin Mahmud said today.
A roller-coaster year comes to an end
Let us forge ahead with the lessons taught by 2022
How did 2022 go for Bangladesh?
Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.
Automated fuel pricing likely from next quarter
The government is likely to introduce dynamic fuel pricing next quarter -- a development that will dramatically lessen the subsidy burden and pave the way for enhanced social spending.
BNP to hold rallies in divisional headquarters from October 8
BNP has announced to hold rallies in divisional headquarters from October 8, protesting the price hikes of the daily essentials and fuel and also killing of its activists during recent protest programme.
Autogas consumption rising amid higher fuel costs
The number of filling stations that dispense liquefied petroleum gas (LPG), also known as Autogas, is on an upward trend across the country as consumption is growing amid government efforts to cut dependency on compressed natural gas (CNG) and fuel oil.
Launch fare hiked by 30%; comes into effect today
Launch fare has been increased by 30 percent, which will come into effect today (August 16, 2022).
“Did a lot of drilling for gas, to no avail”
State Minister for Power, Energy, And Mineral Resources Nasrul Hamid today (August 14, 2022) said there has been no shortage of efforts to use Bangladesh’s own gas resources.
“Opposition getting scope to hold protests, let them”
Prime Minister Sheikh Hasina today (August 14, 2022) said that she is fully aware of public suffering due to the record fuel price hike and load shedding, and completely empathises with them.
Private inland container depots increase import handling charge by 34%
Owners of private inland container depots (ICDs) has started raising charges for different services specially those run by diesel due to the fuel price hike.
Price hike: Don’t worry, be happy – no matter what
If things are bad, there must be a good reason for it.
PM asks energy ministry, BPC to explain reasons behind fuel price hike
Prime Minister Sheikh Hasina has given directives to the respective ministry to clarify once again the reason behind the fuel price hike.
Forex pressure may ease by Dec but inflation to stay
The record fuel price hike last week has thrown a spanner in the works to the finance division’s projection of bringing the twin problems of inflation and delicate foreign currency reserves under control by December.
''BPC's Tk 48,000cr profit overstated; now to make Tk 205cr per month"
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.
2013 video being circulated as “recent fuel price hike protests in Bangladesh”
Bangladesh recently saw a massive hike in fuel prices at the retail level, which sparked widespread protests and rallies. During this time, a video showing violent protests and vandalism spread over social media, reports India Today.
Proposal to double launch fare unreasonable: Shipping secretary
Owners’ proposal to double launch fare is unreasonable, Shipping Secretary Md Mostafa Kamal said today.
