Overwrought over gas price hike
July 1st, 2019 at 2:45 pm
Overwrought over gas price hike

Dhaka – Against the backdrop of public criticism, a senior cabinet minister on Monday said the government was forced to increase the gas price for the sake of adjustment.

Road Bridges and Transport Minister Obaidul Quader, also the general secretary of the ruling Awami League party, also told reporters that the government was feeling uneasy with the fuel price hike.

The Energy Regulatory Commission on Sunday raised gas tariff for all users, saying the move would help the government bear the expenses of importing liquefied natural gas.

Awami League
Obaidul Quader, general secretary of the ruling Awami League party.

According to the new rates, households using a single burner will pay Tk 925 instead of Tk 750 a month. Those using a double burner will pay Tk 975 in place of Tk 800. The prices at the other industrial and consumers end were also increased.

The overall hike of gas price was more than 38 per cent from the last time it was raised in 2017.

Even after this adjustment, the government has to give subsidy, the minister said after a meeting with the power, energy and mineral resources ministry.

The adjustment in gas prices has been done as the suppliers of liquefied natural gas claimed that they were incurring loss.

To a question, the minister said corruption in the gas sector has been decreased.