Finance
Diesel Price Diesel-kerosene price to be adjusted when prices fall in the international market
Dhaka, November 6: The Department of Energy and Mineral Resources of the Ministry of Power, Energy and Mineral Resources has explained about increasing the price of diesel and kerosene by Tk 15 per liter in the country's market. The explanation was given in a press release signed by Deputy Chief Information Officer of the Ministry of Power, Energy and Mineral Resources Mir Mohammad Aslam Uddin on Friday (November 5) evening.
The price of diesel has been increased to reduce the loss of Bangladesh Petroleum Corporation (BPC).
The government has increased the price of diesel and kerosene from Tk 65 per liter to Tk 80 per liter from Thursday (November 4). The rise in fuel prices has sparked widespread criticism over fears of a major negative impact on public life. Owners have stopped running buses since Friday in protest of rising diesel prices. Launch owners have offered to double the fare.
The Department of Energy explained that due to the rise in the price of fuel oil in the world market, the neighboring countries and other countries of the world are regularly adjusting the price of fuel oil. As a benevolent state, Bangladesh is always committed to provide fuel oil at the consumer level at affordable prices keeping in view the purchasing power of the people.
The government had earlier fixed the price of diesel at Tk 68 per liter in January 2013. "Earlier, in April 2016, the price of diesel was reduced by Tk 3 per liter to Tk 65," it said. "In the last five and a half years, the price of diesel or kerosene has remained unchanged in the country and in the meantime Bangladesh Petroleum Corporation has deposited Tk 10,000 crore in the government treasury."
"Since the beginning of the current financial year, BPC has been facing losses in the case of most used diesel as the price of fuel oil has been rising in the international market."
