Govt may increase gas prices next week

Published: September 21, 2018 15:53:53 | Updated: September 23, 2018 16:31:37


Government is all set to hike gas prices next week.

 

However, residential and commercial consumers will be spared from paying higher prices, according to a report by UNB.

 

The upward price revision will affect industrial consumers, power plants, fertilizer factories, captive power plants, and CNG refueling stations, officials concerned told the news agency.

 

Bangladesh Energy Regulatory Commission (BERC) sources hinted at a price hike of up to 40 per cent.

 

The move comes at a time when government started supplying high-cost imported LNG in national gas network to supplement to locally produced gas since August this year.

 

Per unit (thousand cubic feet or mcf) LNG costs USD 11 as against locally produced gas price of only USD 2.9 per unit.

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