Monday, February 26, 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

bKash communications chief Mahfuz Sadique dies at 40

News Desk : Mahfuz Sadique, chief communications officer of mobile financial services firm bKash, passed away in Bangladesh capital Dhaka Friday morning. He was 40. Mahfuz died around 9:00am while undergoing treatment at a hospital in the capital, bKash said in a statement. Mahfuz, who began his career as a journalist at New Age, ... Read more

Prices for potatoes increase by 229% from the previous year

Prices for potatoes varied from Tk16 to Tk22 per kg at this time last year. News Desk : Despite the presence of both new and old potatoes in the market, potato prices have soared by 229% compared to late December last year. According to the Trading Corporation of Bangladesh (TCB), the selling price for ... Read more

LGED engineer dead, UNO among 3 injured in Panchagarh car crash

News Desk : An engineer of the Local Government Engineering Department (LGED) was killed and three other government officials were injured when the vehicle of a UNO hit a roadside tree in Panchagarh Sadar upazila early today. The deceased was identified as Abu Sayed, 33, upazila engineer of LGED from Pirganj upazila of Thakurgaon. ... Read more

UNHCR calls for rescue of Rohingyas stranded in Andaman Sea

News Desk : The United Nations (UN) Refugee Agency, UNHCR, has made an urgent appeal to all countries in the region, particularly those in the area surrounding the Andaman Sea, to swiftly deploy their full search and rescue capacities in response to reported vessels in distress with hundreds of Rohingya at risk of perishing. ... Read more

Over 200 RMG workers injured in Comilla while evacuating factory during earthquake

News Desk : Over two hundred garment workers in Cumilla’s Chauddagram have been injured while trying to evacuate the factory building of Amir Shirt Garment Limited during today’s earthquake. A 5.5 magnitude earthquake at a depth of 10km jolted Dhaka, and parts of the country at 9:35am today (2 December). The epicentre of the ... Read more

Daughter hacked father to death in Chattogram

News Desk : A father was hacked to death by his own daughter during an altercation over a trivial matter at Lohagara upazila in Chattogram on Friday (1 December). The deceased was identified as Abdur Rahman, 50, of Putibila Sarai village under the upazila. Police have detained the daughter, Humaira Begum, 23, soon after ... Read more

HSC results: Dhaka has most GPA-5 achievers, while Barishal has highest pass rate

News Desk : Dhaka had the highest number of GPA-5 recipients in the HSC exams, while Barishal Education Board had the highest pass rate among nine educational boards. Education Minister Dipu Moni announced today that the overall pass rate in the nine general boards is 75.90 percent. In terms of pass rates, Barishal ranked ... Read more

PSC postpones 45th BCS written tests

News Desk : The Bangladesh Public Service Commission (PSC) has decided to postpone the written tests for the 45th Bangladesh Civil Service examination, which was scheduled to be held on 27 November. The announcement came through a notification signed by Ananda Kumar Biswas, the exam controller of PSC, issued on Friday. PSC held a ... Read more

After stabbing younger sister to death woman ‘kills herself’ in Hazaribagh

News Desk : A woman reportedly killed herself after stabbing her younger sister to death in the capital’s Hazaribagh area today. Police said the incident took place in the Kalunagar area at around 12am on Monday (13 November). The deceased have been identified as Jasmine Akhtar, 44, and her younger sister Nasreen Akhtar, 30. ... Read more

Oman stops issuing new visas to citizens of Bangladesh

News Desk : The Sultanate of Oman has suspended the issuance of visas across all categories for Bangladeshi nationals, the Royal Oman Police (ROP) said on Tuesday. The decision was effective from Tuesday, reported Oman-based English newspaper the Times of Oman referring to the Royal Oman Police. The report said that the ROP confirmed ... Read more

Dhaka girl Nupur takes over as chairman of Unilever for a day

News Desk : Seventeen-year-old Nupur from Dhaka, had the opportunity to take over Unilever’s chairman position for one day on Thursday. There, she symbolically carried out the roles and responsibilities of Zaved Akhtar, the chairman and managing director of Unilever Bangladesh, said a press release. Nupur being an active youth club member, works for ... Read more

Hospitals must follow guidelines, orders HC

News Desk : The High Court on Thursday asked the government to take steps to make it compulsory to follow the relevant guidelines for the prevention of performing unnecessary caesarean section surgery at government and private hospitals and clinics. The court has also directed the government to widely circulate the guidelines within six months. ... Read more

Woman delivers birth to five babies at DMCH

News Desk : A woman has given birth to five premature babies. The quintuplets were born at the Dhaka Medical College Hospital (DMCH) at 10am on Thursday to Mansura Begum, 22, the wife of CNG driver Md Mamun from Bandardia village in Shibpur upazila of Narsingdi district. One of the newborns, however, died shortly ... Read more

Tk8.44 cr fine imposed to Kazi Farms, 3.44 crore to Suguna Food

News Desk : The Bangladesh Competition Commission has fined Kazi Farms Group and Saguna Food and Feeds on charges of market manipulation causing abnormal rise in broiler chicken prices. BCC officials said that the companies must deposit the fine amount to the BCC within 10 working days. If they fail to deposit the fine ... Read more

Heritage volunteers visit national museum

News Desk : The heritage volunteers participating in UNESCO World Heritage Volunteers Programme 2023 visited national museum in Dhaka on Sunday. The ten-day workshop programme organised by Nagar Upakhyan-Perceive started on October 1, said a press release. The Heritage volunteers’ team visited national museum which is on the UNESCO World Heritage tentative list on ... Read more

Fare for Bangladesh-India trains to increase from November 10

News Desk : Ticket prices of three inter-country trains on Bangladesh-India routes are going to be hiked from November 10. The fares are going to increase due to high exchange rate of US dollar and rising travel tax, according to the Bangladesh Railway officials. The trains are – Maitree Express on Dhaka-Kolkata, Bandhan Express ... Read more

Man, nephew killed by lightning

News Desk : A man and his nephew were struck by lightning in Satarbari village of Longair union under Gafargaon upazila of Mymensingh yesterday. The deceased were identified as Sohel Mondol, 40, a trader of pharmaceutical drugs, and his nephew Razib Mondol, 35 a rice trader in the village. Quoting locals, Raju Ahmed, officer-in-charge ... Read more

TV sales decline despite World Cup: Is streaming to blame?

News Desk : The ICC Cricket World Cup 2023 captures the attention of sports enthusiasts across the world and an intriguing trend is emerging in Bangladesh’s television market. While events of this magnitude have traditionally led to an increase in TV sales, recent figures from September show a 30% decline compared to the same ... Read more

Heritage volunteers visit Paharpur archaeological museum

News Desk : The heritage volunteers participating in UNESCO World Heritage Volunteers Programme 2023 visited Paharpur archaeological museum in Naogaon on Friday. The ten-day workshop programme organised by Nagar Upakhyan-Perceive started on October 1, said a press release. The Heritage volunteers’ team visited Paharpur archaeological museum which is on the UNESCO World Heritage tentative ... Read more

Child among three dead as mud walls collapsed in rain in Gazipur

News Desk : Three people including an eight-year-old child died in separate incidents of mud walls collapsing during heavy rain in Sadar and Kaliakoir upazilas of Gazipur. The deceased are Faridul Islam, 8, son of Matiur Rahmon of Konabari Baimile under Sadar upazila, and Imarat Hossain, 65, and his wife Achia Begum, 56, of ... Read more