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.
Farmers get a raw deal
Floods, low rainfall and then fertiliser price hike -- the woes of farmers just won’t stop. And now, they will have to bear the brunt of a sudden 42.5 percent rise in diesel cost, which is likely to make them spend an additional Tk 4,000 in irrigation for per hectare Boro production.
Fuel price hike to have domino effect on economy: DCCI
The increase in gas tariff in June and the fuel price hike on Saturday will have an immediate negative impact on transportation, essential commodities and electricity, said the Dhaka Chamber of Commerce and Industry (DCCI) yesterday.
Fuel prices falling in global market, consumers will be benefitted: Finance Minister
Finance Minister AHM Mostafa Kamal has said that consumers will be benefitted if the prices of fuel drop in the international market.
Fuel price hike: Launch owners demand double fares
Following the record rise in fuel prices, launch owners are now demanding that the authorities double the launch fares.
How will the common people survive?
Mismanagement, system loss and a weak supply chain of the Bangladesh Petroleum Corporation (BPC) have become a perennial problem.
Trains on Dinajpur, Rangpur routes see 20% passenger rise after fuel price hike
North-bound trains are seeing an increase in passengers due to lack of public transport following the latest major fuel price hike in Bangladesh.
Fuel price hike to have a negative impact on economy: Dhaka chamber
The increase in gas price in June and the fuel price hike on Saturday will have an immediate negative impact on transportation, essential commodities and electricity, said the Dhaka Chamber of Commerce and Industry (DCCI) today.
Tank-lorry owners want fare hike, halt fuel supply in 14 dists
Supply of fuel remains suspended in 14 districts of greater Khulna and Faridpur as tank-lorry owners enforced a 24-hour strike demanding an increase in commission on selling fuel and tank lorry fare.
Rising cost of living: Fuel price hike not the last nail
Friday’s unprecedented hike in fuel prices, hot on the heels of increased electricity, fertiliser and gas prices, served as yet another massive blow to the people who are already struggling to barely survive amid surging living costs.
Efforts are on to minimise power cuts from this month: Nasrul Hamid
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said that the government is trying to minimise load shedding from this month.
