Thursday, July 18, 2024

CNG price hike likely next month

The government is likely to increase the prices of CNG (compressed natural gas) early next month, a senior official of Bangladesh Energy Regula-tory Commission (BERC) said.
BERC has received such a proposal from the Petrobangla about a month ago, BERC chairman Yusuf Hossain told daily sun.
“We will announce fresh tariff to raise CNG prices in the first week of March after discussing its justification with the stakeholders on February 17,” he said.
The Petrobangla proposed to the BERC to raise CNG prices to Tk 25 from Tk 16.75 per cubic metre.
Petrobangla also suggested an increase in the price of feed gas, raw gas which is supplied to the CNG re-fuelling stations, to Tk 17.50 from Tk 9.97 per cubic metre.
The Petrobangla proposal said if CNG price is increased in line with the proposal, profit margin of the CNG stations would also increase to Tk 3.38 from Tk 2.66 per cubic metre.
As per the proposed price hike, the government will earn an additional Tk 602 crore by selling 1000 million cubic feet gas per day. Currently, the figure stands at Tk 1,675 crore.
Petrobangla hopes that CNG consumption will decrease to 200 million cubic metres from 1000 million cubic metres because of the planned increase in the CNG prices.
The existing CNG price is less than 35 percent compared to that of neighbouring India and Pakistan, the proposal added.
Petrobangla has prepared the draft proposal for CNG price hike considering the expenditures including payment of electricity and bank interest, payment of salary to staff, land rent and others to produce and transmit 500 cubic metres gas per hour to a CNG refuelling station.
The government last increased the CNG price to Tk 16.75 from Tk 8.50 per cubic metre in April, 2008. It also raised feed gas price to Tk 9.97 from Tk 2.47 the same year.
Low cost CNG prices are blamed for high growth of private cars on the streets in the capital city causing serious traffic congestion, a senior official of the Petrobangla said.
Affluent consumers have continued converting their vehicles into CNG because of low CNG prices, he added.
“I hoped that the traffic congestion would reduce significantly after the proposed hike in CNG prices.” Eng Shafiul Azam, managing director of Rupantarita Prakritik Gas Company Ltd (RPGCL), a subsidiary company of Petrobangla, told daily sun that CNG price must be increased to minimise the price gap with other petroleum fuels.
Currently, CNG is selling 85 percent lower than other petroleum fuels.
The move also might increase consumption of the petroleum fuels, Eng Shafiul Azam said.
There are a total of 584 CNG stations across the country, RPGCL sources said.
The CNG stations consume nearly 100 million cubic feet of gas per day (MMCFD) across the country, of which nearly 70mmcfd is consumed by CNG stations in the capital city and its suburbs.
A total of 296 CNG stations have been installed in the city and its adjoining areas, which resulted in severe gas crisis in residential areas.
There are two lakh CNG-converted vehicles in the country. Of them, the number of cars, jeep and micro-buses stands at nearly 1.25 lakh. Besides, about 26,000 auto rickshaws, 12,000 taxi cabs and 10,000 buses have also been converted into CNG creating additional pressure on the country’s existing gas supply.
According to the zoning principle of Energy and Mineral Resources Division (EMrD) on installation of CNG stations, no CNG station will be allowed to be set up in certain areas such as Jatrabari to Meghnagat intersection, Comilla bypass areas, Chaudda-gram, Feni and Sitakund areas, Kanchpur Bridge to Bhairab Bridge, Bhairab-Brahmanbaria highway-Sarail Road area, Tongi-Joydevpur Cantonment intersection, Sripur to Mymensingh city intersection, Aminbazar Bridge to Savar bridge, Dhamrai Bridge to Paturia intersection, Nabinagar to Chandra intersection, Kaliakoir-Tangail bypass to Elenga and Sirajganj-Pabna road in view of the supply crisis.
But the EMRD zoning principle is not applicable to Dhaka and Chittagong cities

 

Via: daily sun

Related News

Internet likely to face disruption for 12 hours today

News Desk : dhakamirror.com Internet connectivity in Bangladesh will face partial disruption for 12 hours from this morning because of maintenance of 1st submarine cable, said Bangladesh Submarine Cables PLC (BSCPLC) in a press release. The statement said from 6:01 am to 6:00 pm, the consortium has scheduled maintenance for a land cable fault near ... Read more

Chess Grandmaster Ziaur Rahman passes away

News Desk : dhakamirror.com Bangladesh Grandmaster Ziaur Rahman passed away at a hospital in the city after suffering a heart attack during the 12th round game of the ongoing National Chess Championship at the Chess Federation on Friday. Zia bhai is no more. He breathed his last at around 6:00pm at Ibrahim Cardiac Hospital,’ confirmed ... Read more

Ending GPA-5 era, SSC results to be published with English letter grades

News Desk : dhakamirror.com The Secondary School Certificate (SSC) exams will no longer be evaluated under the Grade Point Average 1-5 scale but rather be graded with English letters. A meeting of the National Curriculum Coordination Committee with the Education Minister Mohibul Hasan Chowdhury approved the new evaluation framework on Monday (1 July). “There are ... Read more

Over 1.04 crore animals sacrificed on Eid-ul-Adha this year

News Desk : dhakamirror.com A total of 1,04,08,918 animals were sacrificed across the country on the occasion of the holy Eid-ul-Azha this year. As many as 3, 67, 106 more animals were slaughtered this year compared to previous year, the Ministry of Fisheries and Livestock said in a press release on Tuesday. This year the ... Read more

9am-5pm office time to resume from Wednesday

News Desk : dhakamirror.com The public offices across Bangladesh are set to go back to old office timing from 9:00am to 5:00pm with Fridays and Saturdays being the weekly holidays as usual from Wednesday. The cabinet in its weekly meeting on June 3 decided restoring the old office timing between 9:00am and 5:00pm on weekdays ... Read more

5 magnitude earthquake jolts parts of Bangladesh

News Desk : dhakamirror.com A magnitude 5 earthquake jolted a large part of the country on Sunday (2 June) afternoon., including Dhaka. The quake struck at 2:44pm from a depth of about 110km, according to the Bangladesh Meteorological Department, and was centred in the Mawlaik area of Myanmar, 441 km southeast of Dhaka. The quake ... Read more

Over 2cr to be fed as daylong Vitamin ‘A’ plus campaign begins

News Desk : dhakamirror.com The National Vitamin A-plus campaign is being conducted with a target to feed the capsules to over 2.22 crore children, aged between six months and 59 months. The campaign started at 8am on Saturday (June 1) and will continue till 4pm. Feeding Vitamin A capsules prevents blindness in children, ensures normal ... Read more

Postponed notice fake, HSC exams on June 30 as per schedule

News Desk : dhakamirror.com The Higher Secondary Certificate (HSC) and equivalent exams will be held on time as per previous announcement, beginning on 30 June. The routine deferring the exams for a month that is making rounds in social media, is fake, the Board of Intermediate and Secondary Education, Dhaka said on Saturday. A circular ... Read more

3 month-long ban on fishing, tourism in Sundarbans begins

News Desk : dhakamirror.com The forest department has imposed this three-month ban on fishing and tourism in the Sundarbans. Local communities, including fishermen, wood and honey collectors, who depend on the Sundarbans for their livelihoods, are concerned about a three-month ban on all activities in the forest starting Saturday. The restriction applies to visitors, including ... Read more

Appellate Division upholds HC verdict on DU teacher Samia’s demotion

News Desk : dhakamirror.com The Appellate Division today (26 May) upheld the judgement of the High Court which declared illegal the demotion order of Dhaka University faculty Samia Rahman on charges of plagiarism. A four-member appellate bench headed by senior judge M Enayetur Rahim of the Appellate Division rejected the appeal of DU as invalid. ... Read more

3.2 million children at risk as Cyclone Remal hits Bangladesh coasts: UNICEF

News Desk : dhakamirror.com As Cyclone Remal hit the coastal areas of Bangladesh, over 8.4 million people, including 3.2 million children, are at high health, nutrition, sanitation, and safety risks, according to UNICEF. ‘Our thoughts go out to the children and their families at this critical moment as they endure the storm’s impact,’ said UNICEF ... Read more

Classes suspended at coastal area schools due to cyclone

News Desk : dhakamirror.com No classes will be held at schools in the coastal areas due to Cyclone Remal, said State Minister for Disaster Management and Relief Mohibur Rahman. He said this after a meeting of the inter-ministerial disaster management coordination committee at the Secretariat on Sunday. According to a bulletin of the Met Office, ... Read more

Cyclone Remal forms over Bay, signal 7 at Payra and Mongla

News Desk : dhakamirror.com The deep depression over the east and west central Bay of Bengal intensified into a cyclonic storm “Remal” at around 9:00 pm today and is expected to hit the country’s coasts between 6pm and 11:59pm tomorrow, according to the Bangladesh Meteorological Department (BMD). The Met Office asked the Payra and Mongla ... Read more

Admissions for Class XI start tomorrow

News Desk : dhakamirror.com The first phase of applications for Class XI admission for the 2024–2025 academic year will begin tomorrow, May 26, and run through June 11th. According to the XI class admission circular 2024-25, the online application system is divided into three phases with designated application windows, result announcements, and confirmation periods. Students ... Read more

Exam will not be postponed for Cyclone Remal: NU

News Desk : dhakamirror.com The National University has decided not to postpone the Introduction to Government Policy exam for 4th-year Political Science honours students for the academic year 2022, despite the warning for the approaching Cyclone Remal. The exam is scheduled to be held on Sunday (26 May) at 1:00pm, the same day that the ... Read more

Gold price cut by Tk 1,084 per bhori

News Desk : dhakamirror.com The prices of gold in the country’s local market witnessed a fall on Thursday as the Bangladesh Jewellers’ Association (Bajus) slashed the price of 22-carat gold by Tk 1,084 per bhori (11.664 grammes). The new rate for the precious metal will come into effect on Friday, BAJUS said in a press ... Read more

Don’t pay anyone for visas, or work permits: Italian envoy

News Desk : dhakamirror.com Italian Ambassador to Bangladesh, Antonio Alessandro, advised visa-seekers not to pay anyone for visas, emphasising that the embassy only charges small taxes and processing fees. “Our services are free except for these official fees,” he said today (21 May) following a meeting with Shofiqur Rahman Choudhury, the State Minister for Expatriates’ ... Read more

Bangladeshi mountaineer Babar Ali conquers Everest

News Desk : dhakamirror.com Babar Ali from Chattogram has summited Mount Everest and raised the red and green flag on the world’s highest peak. He reached the summit at 8:30am local time (8:45am Bangladesh time) on Sunday, proudly raising the red and green flag of Bangladesh. He began his journey on 1 April, after necessary ... Read more

Price of gold increases by Tk1,178 per bhori

The new rate will be effective from Sunday (19 May) News Desk : dhakamirror.com The Bangladesh Jewellers Association (Bajus) today (18 May) increased the price of gold by Tk1,178 per bhori, followed by a price hike in the local bullion market. According to a Bajus statement, 22-carat gold will now cost Tk1,18,460 per bhori (11.664 ... Read more

9 Bangladeshis named in Forbes “30 Under 30 Asia” list

News Desk : dhakamirror.com Nine Bangladeshis have been named in Forbes “30 Under 30 Asia” list for their contributions across various industries. Forbes announced its prestigious “30 Under 30 Asia” list for the ninth consecutive year yesterday (15 May), showcasing 300 exceptional young individuals under the age of 30 who are making significant strides across ... Read more