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Fuel Tariff Hike

Energy ministry seeks bus owners’ opinion

  • Special Correspondent
  • 28 June, 2022 12:00 AM
  • Print news
Energy ministry seeks bus owners’ opinion

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The ministry of power, energy and mineral resources sought opinion from bus owners about the level of fuel tariff increase so that it doesn’t affect the general people.

“We have sought opinion about the considerable level of fuel tariff hike so that transport owners will adjust the fare within tolerable level for the people,” said an official of the ministry.

The ministry held a meeting with the bus owners at the Biddut Bhaban in Dhaka yesterday.

State Minister for Power and Energy Nasrul Hamid, Energy, Mineral Resources Division’s senior secretary Md Mahbubur Rahman, other senior officials concerned and bus owners attended the meeting. 

Responded to the Energy Division’s officials, Khandaker Enayetullah, the owner of Ena Paribahan, said a national committee of the government had reviewed the tariff taking the energy tariff hike into consideration.

“There would be not any shock related to bus fare if the government addressed the issue earlier,” he said as quoted by the sources concerned.

The government is likely to adjust the petroleum fuel tariff every six months due to skyrocketing fuel prices in the international market amid the Russia-Ukraine war.

The government is incurring a loss of Tk 1,005 million per day for selling diesel Tk 54 lower            than its import cost per litre, according to a BPC official.

He said the government faces an additional Tk 40 million in losses for selling octane at a lower price.

The BPC already suffered a loss of Tk 965.81 million on diesel and another 40 million on octane, according to the official.

The country is now consuming 17,790,000 litre of diesel per day. Each barrel of diesel costs $172.50 now.