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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2706

Bangladesh raised price of natural gas

M.A Qader-Reporting from Bangladesh

Dhaka, 02 August (Asiantribune.com): The Bangladesh government has raised the price of natural gas for domestic and commercial users with effects from yesterday, 01 August.

Bangladesh Energy Regulatory Commission (BERC) chairman Md Mokhlesur Rahman Khandker said on Saturday the gas prices have gone up on an average 11.22 percent across the board and Petrobangla will earn another Tk 717 crore a year due to the price hike.

The new revenue will be used for the 'Gas Development Fund', to develop the sector, and will not be spent in any other sectors of Petrobangla or its subordinate organizations, BERC chief said.

BERC announced the monthly charge for domestic supply has been raised to Tk 400 from Tk 350 for a single burner gas cooker and to Tk 450 from Tk 400 for a double burner.

Domestic users who pay for metered gas will now be charged Tk 143.25 per 1000 cubic feet, up from Tk 130.

For commercial connections, the price has been raised to Tk 268.09 from Tk 233.12 per 1000 cubic feet.

For private power plants it has been hiked to Tk 79.82 from Tk 73.98, fertiliser factories Tk 72.92 from Tk 63.41, captives and small power plants Tk 118.36 from Tk 105.59, for industries and tea gardens to Tk 166.91 from Tk 148.

Customers' bills will have the new increment marked 'For Gas Development Fund'.

A new gas policy will be developed with the approval of the commission, with public hearings arranged if needed.

Petrobangla will submit proposals for the policy to develop the gas sector over the next five years. Allocations from the fund will be made based on the new policy.

Meanwhile Khandker said hikes in electricity prices will be decided after September.

-Asian Tribune-

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