Govt makes the move to cut subsidy on petroleum products The government for the second time in two months increased the fuel prices by Tk 5 a litre to reduce subsidy on imports of petroleum products. The new price hike came into effect last midnight, the Press Information Depart-ment said in a statement late last ... Read more
fuel price
Tk 20,000cr fuel subsidy this year
Although Bangladesh has revised retail fuel prices and power tariff frequently this fiscal year, the government would have to shell out more than Tk. 20,000 crore, which is highest so far, as fuel subsidy. According to a source at Bangladesh Power Development Board (BPDB), fuel consumption is expected to cross seven million tonnes this year, ... Read more