Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Wednesday, March 13, 2019 10:56:01 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Gas price hike would deeply affect the people and the country

By
14th-Mar-2019       
Comments
Share your thought
Post a comment »
Read all () »

WITHOUT introducing waste-reducing meter, Bangladesh Energy Regulatory Commission (BERC) has proposed for hiking the tariff of bulk and household gas uses. However, country's business communities along with ordinary people have protested the stride. They termed the gas distributors' proposal for doubling the average gas price -- from Tk 7.35 to Tk 14.91 per cubic feet -- unrealistic, and said, if implemented it would wreak havoc on the country's economy. Amid the global competence for RMG market when Bangladesh is struggling, a price hike of gas would double the production cost as the gas is the raw material of electricity generation. In consumer label, the country is undergoing severe unemployment problem and inflation; the price hike of gas would cut the consumers' pocket heavily.
All six gas distribution companies -- Titas, Bakhrabad, Jalalabad, Pashchimanchal, Karnaphuli, and Sundarban -- are seeking the price hike at the consumer level. According to the proposals, Titas and Sundarban have demanded 208 per cent hike for the gas consumed by power plants, 211 per cent for fertiliser companies, 96 per cent for captive power plants, 132 per cent for industries, 41 per cent for commercial entities, and 50 per cent for CNG-run vehicles. They are seeking 80 per cent rise in the monthly gas bill for both single-burner and double-burner cooking stove, from Tk 750 to Tk 1,350 and from Tk 800 to Tk 1,440 respectively.
Businesspeople urged the BERC to refrain from increasing the price because the price of steel and cement would go up manifold if the proposals were implemented, dealing a blow to the country's ongoing infrastructure development. In October last year, the BERC increased the transmission and distribution charges and the distribution companies had adjusted the price accordingly. So the proposal of hiking gas price is unlawful as transmission, distribution or retail tariffs could not be increased twice in a fiscal year as per the BERC law. There is another one - if the gas companies earn profit regularly, they can't propose to hike price. Presently, except Sundarban all other companies are making hefty profit.
Considering people's interest, the government should reconsider the price hike of gas.


Tariff
Add Rate

News Archive

Inside The New Nation

Cricket »

Mahmudullah seeks resolve to cast off batting debacle


Bangladesh stand-in skipper Mahmudullah Riyad urged the batsmen to show guts as they are on the brink of being whitewashed in the Test series too after their innings and 12 runs margin defeat to New Zealand in the second Test in Wellington.Bangladesh also were whitewashed in the three-match ODI series, ...

Football »

Zidane back as Real Madrid coach


AP, Madrid :Real Madrid picked one of its most successful figures to try to end one of its worst crises.Zinedine Zidane is returning to coach Madrid, the club he led to three straight Champions League titles before quitting while on top nine months ago. Madrid announced Monday that Zidane accepted ...

International »

Bolton says Pakistan committed to easing tensions with India


Reuters, Washington : White House national security adviser John Bolton said on Monday Pakistan's foreign minister has assured him Islamabad is committed to de-escalating tensions with India and dealing "firmly" with terrorists.Bolton's comments follow a Feb. 14 suicide bombing, claimed by Pakistan-based militants, which killed at least 40 Indian paramilitary police."Spoke ...

Editorial »

Free the nation from corruption


THE Anti-Corruption Commission has identified 33 sources by which officials of the Comptroller General of Accounts are doing corruption. The CGA officials realized unethical financial benefits by creating obstacles in releasing fund for the development projects and misappropriation of public funds by submitting fake pension and travel bills. Even the ...

Entertainment »

Jacqueline Fernandez is alluring fans with her Belly Dance!


Bollywood's party numbers queen Jacqueline Fernandez is currently gearing up for the Dabangg tour. Giving an insight into her sizzling belly dance moves, Jacqueline has set the screen on fire. The extremely gorgeous actress is a diva par excellence with an alluringly toned body and a dazzling bright smile. A ...

Cricket »

Tamim reluctant to give up hopes of saving Wellington Test


Bangladesh relied on popular adage 'cricket is a glorious game of uncertainty' as a defeat stared at them in the second Test at Basin Reserve in Wellington despite first two days of the match washed out following a heavy rain.Opening batsman Tamim Iqbal admitted that it would be embarrassing for ...

International »

Melania 'mistook former female Australia FM for partner'


AFP, Australia: Australia's former foreign minister says she was mistaken for the spouse of a politician by US First Lady Melania Trump, in her latest comments on the subordinate role of women in conservative politics.Julie Bishop has been vocal about the treatment of senior female politicians since she stepped down ...

Editorial »

Modernise the riverine routes


DIVERS of Fire Service and Civil Defence on Sunday recovered body of another missing person from Buriganga River that raised the death toll from Thursday's boat capsize to six. Body of the female passenger was floating in the river at Telghat area of Keraniganj. Earlier on Thursday night, six members ...

City »

Law enforcers checking students at the entrance of Dhaka University on the occasion of DUCSU election. The snap was taken from Shahbagh area on Monday.


Entertainment »

Kriti Sanon looked radiant as ever


After enjoying the best phase of her career, giving the highest opener with Luka Chuppi as a female solo lead, Kriti Sanon attended the Ambani’s wedding and was looking radiant in the Pink Lehenga as the glow reflects the success of her film Luka Chuppi. The actress looked beautiful as ...

Entertainment »

Shireen Mirza to play Doctor in a film


Actress Shireen Mirza popular for playing the role of Simran Simmi Bhalla in the television show Yeh Hai Mohabbatein will now play the role of Doctor. She has also worked in a Web series called Dharamkshetra, on Netflix. “I’m playing the role of a young doctor who is assigned for ...

Sports »

Bowe beats Japanese speedskaters to set 1,000m world record


American speedskater Brittany Bowe set a women's 1,000-meter world record of 1min 11.610secs on Saturday at a World Cup race in Salt Lake City.When the day began, the world record was 1:12.09 and belonged to Japan's Nao Kodaira from a 2017 effort at the same Utah Olympic Oval.Japan's Miho Takagi ...

International »

Iran demands Pakistan acts 'decisively against terrorists'


AFP, Tehran :Iran's President Hassan Rouhani has demanded Pakistan act "decisively against anti-Iranian terrorists" in a phone call with the country's premier, Tehran said, a month after a bloody attack on security forces.Iran says a Pakistani suicide bomber was behind the February 13 attack that killed 27 Revolutionary Guards in ...

Editorial »

We want to see a free, fair and peaceful DUCSU election


THE much-awaited DUCSU election is today. The general students will cast their votes to choose their leaders. But some general students have alleged they were "forced" to join the meetings at hall guestrooms where a few student leaders threaten to oust the students from halls if they vote anyone outside ...

Football »

Teen Kean scores 2 as Juventus beat Udinese 4-1 in Serie A


AP, Turin :Despite resting Cristiano Ronaldo ahead of its crucial Champions League match, Juventus romped to a 4-1 victory over Udinese on Friday with teenager Moise Kean scoring twice.Kean, who received a standing ovation when he was replaced late, also won a penalty which was converted by Emre Can. Blaise ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news