The state-owned Bangladesh Petroleum Corporation incurs a loss of more than Tk 100 crore in the name of ‘system loss’ in handling imported fuel oils, sources in the oil sector said. As the country’s lone importer and distributor of petroleum products, BPC incurs the loss due to rampant pilferage and corruption at terminals and depots, ... Read more
BPC
Govt’s LP gas for cheats
Racketeers eat up Tk 50cr subsidy, pocket up to Tk 160cr a year by spiking prices At a time when consumers are grappling with soaring prices of liquefied petroleum gas, unscrupulous traders with the help of some government officials are making crores of taka by selling subsidised LP gas at more than twice the government-fixed ... Read more
Fuel oil price hike to add huge extra burden for people
The latest price hike of fuel oils will offer very little help to the government in reducing the subsidies on fuel oils but will put a huge additional burden on the people by raising the living cost. Experts said the businessmen would use the price hike for profiteering, although the hike was only nominal. Abu ... Read more