Sunday, 28 November, 2021

Cab slams for fuel price hike

  • Staff Correspondent
  • 5 November, 2021 12:00 AM
  • Print news
Cab slams for fuel price hike

Popular News

Consumer Association of Bangladesh (Cab) has sharply criticised the government for hiking fuel price oil without holding public hearing.

The government on Wednesday hike diesel and kerosene prices by Tk 15 per litre to Tk 80 to in a bid to adjust with international prices and curb smuggling.

“The price hike of kerosene and diesel will heat-up essential items’ prices as the product supply chain depends on transport,” SM Najer Hossain, vice president of Cab said in statement on Thursday.

The consumer rights group claimed the local business will raise commodity prices instantly after the fuel price hike, putting extra burden on low and middle-income people. 

Cab made the Energy Regularly Commission responsible for announcing the price hike in executive order without any public hearing.

“The government hiked the price of essential fuels – kerosene and diesel leaving octane and petrol prices. As a result, majority of people will badly feel the heat of price hike,” it said in a statement.

The Energy Mineral Resources Division didn’t do justice to the majority of the commoners in the country, according to Cab statement.

Citing a report of Ananda Bazar newspaper example of neighboring country, the rights body further said India cut the production tax to 5 rupees for petrol and 10 for diesel from November 1.

Cab further requested the government to reconsider the decision of price hike assessing the regional market.