Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Saturday, December 15, 2018 02:12:09 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Commentary

New energy pricing is highly exploitative

By Editorial Desk
31st-Aug-2015       
Comments
Share your thought
Post a comment »
Read all () »

The government decision to increase gas and electricity prices has not been taken in a transparent way through a consultative process with stakeholders to justify the price hike. Its claim that the new rates have been fixed to reduce losses at the distribution level to users is partly correct but why the authorities are not reducing dependence on buying electricity at high cost from private producers remained overshadowed in mystery. 
It is true that the Energy Regulatory Commission (ERC) held some name shake hearing sessions with some stakeholders, but the decision showed the hearings have no reflection on the new rates. Rather a high-level government committee decided on the new rates showing that the ERC as such has not taken the decision.
What is at stake is that people have rejected the new rates as evident from massive protests and demonstrations by political parties and rights groups over the past two days. Some have threatened hartal and
streets agitation while urging the government to withdraw the new rates.
Many fear that the price hike would lead to escalation of production cost and inflation. Transport fares at all levels would increase and the overall situation would affect people's purchasing power and also the cost of exports. The galloping rise in price of cooking gas at domestic level will affect every household where fixed income people struggle in their daily life to make a living with limited resources. It will affect passengers of CNG-run autorickshaws and buses and lead to a rise in petrol and diesel prices. That is what the State Minister for Energy and Power already hinted on the day the decision for gas and electricity price hike was announced.
What appears is that such actions of the government are going to affect the common people not only in the energy sector but also in almost all sectors of the economy and social life. Many wonder why the government can't do things to help the common people.
In fact, the idea of a welfare society is fast disappearing forcing the people to live under an ever growing hardship unleashed by a system of ruthless money grabbing. The monopolistic nature of the state is becoming too much exploitative in which the price of almost every state administered utility is soaring intermittently. The prices of every item has gone up and the government does not worry.
Fuel price has declined to US$ 40 per barrel now from $120 and there is hardly any justification to raise electricity prices claiming that electricity produced by fuel fired power plants are still expensive. The Petrobangla reportedly earned over Tk 20 thousand crore in profits during the past five years to negate any reason for soaring rise in gas price as well.
In fact, the huge budgetary deficit is forcing the government to look for every avenue of revenue collection to foot the private sector power bills and grease its highly corrupt and inefficient government machinery. The other way available is to reduce corruption and waste in the government. But since we have a government; which is not properly elected but need more funds to hold grip on power, its revenue system is becoming oppressive at every step.
We hold the view that the government cannot be so unmindful of the financial hardship the general public is enduring from the mismanagement of the country's economy. It will be most unreasonable to ask the people to pay more when the government's energy sector is making high profit. 

Tariff
Add Rate

News Archive

Inside The New Nation

Entertainment »

Mim`s new movie Thai Curry


Sheikh Arif Bulbon :End of this year is becoming something new for the National Film Award winner actress Bidya Sinha Saha Mim. At the end of this year, she has started shooting of a new movie. Now she is staying in Bangkok to take part in shooting of the movie. ...

Business & Economy »

In presence of Mohammed Monirul Moula, AMD of Islami Bank Bangladesh Limited, Abu Reza Md. Yeahia, DMD of the Bank and Dr. M. Easin Ali, Chairman of Dhaka City Physiotherapy Hospital, exchanging an agreement signing document at the Banks head office in the city on Wednesday. Under the deal, VISA and Khidmah Card holders of the Bank will get attractive discount in treatment services of the Hospital. Top officials from both the organizations were also present.


.

Cricket »

Malinga named captain for ODI, T20I series against New Zealand


Sri Lanka pacer Lasith Malinga, who until recently was out of favour with the selectors, has been appointed as the captain for the upcoming ODI and T20I series against New Zealand. He replaces Dinesh Chandimal, who led the side in the recently concluded ODI series and Thisara Perera, who captained ...

International »

US Senate votes to end support for Saudi-led Yemen war, blasts crown prince


The US Senate dealt President Donald Trump a double blow over Saudi Arabia on Thursday, approving a resolution to end US military support for Riyadh's war in Yemen, and another holding the Saudi crown prince responsible for the murder of Jamal Khashoggi.Though largely symbolic, the two bipartisan measures deliver a ...

International »

Islamic State not defeated, just transforming: Experts


Even as the last pockets of resistance in eastern Syria hold their ground, the Islamic State group is shapeshifting into a new, but no less dangerous, underground form, experts warn.Also known as ISIS, or the Islamic State in Iraq and Syria, the group had long been ready to cede the ...

Editorial »

Time to avail the golden opportunity to explore Japan`s rich market


BANGLADESH wants to explore the potentials of sending skilled workers to Japan as the country is likely to open its job market for foreign workers. The matter is likely to be raised at Foreign Secretary-level talks scheduled to be held on December 17 in Tokyo.Foreign Secretary M Shahidul Haque and ...

Editorial »

Involve the youths in decision making process


A RECENT survey rightly indicated that unified and quality education system for all is imperative to turn today's youth into skilled manpower for future Bangladesh. Ahead of the 11th National Election, the survey findings clearly echoed the youth voice who emphasised meritorious teacher recruitment at primary school to tertiary level ...

International »

Pompeo says journalist Khashoggi`s death still being probed


Reuters, Washington  :U.S. Secretary of State Mike Pompeo on Wednesday said investigations into the killing of Saudi journalist Jamal Khashoggi were still ongoing but that the United States would hold those found responsible accountable for his death.Pompeo's comments to Fox News echoed U.S. President Donald Trump's stance on the killing ...

Sports »

Memphis Grizzlies guard Mike Conley (11) drives against Portland Trail Blazers guard Damian Lillard in the first half of an NBA basketball game in Memphis on Wednesday.


.

Entertainment »

Chanchal, Shahnaz Khushi pair up in new TV serial


Sheikh Arif Bulbon :Viewers always enjoy the on screen chemistry between National Film Award winner actor Chanchal Chowdhury and popular TV actress Shahnaz Khushi. In their acted TV play or telefilm or faction play, there must have a message for the viewers. For this reason, viewers always show their keen ...

Editorial »

Outstanding performance of our farmers


FARMERS of Pirojpur district have successfully used marshlands to grow up paddy saplings which would help meet sapling shortage in the waterlogged areas during paddy cultivation. In the district, farmers devoid of sapling during the Boro season as most uplands, where Boro seedlings usually grew, have been used for cultivating ...

International »

France hunts gunman after three killed at Strasbourg Christmas market


AFP  :Hundreds of police hunted Wednesday for a gunman who shot dead three people and wounded 13, eight seriously, at a famed Christmas market in Strasbourg, on the French border with Germany.The attack took place Tuesday around 8 pm (1900 GMT) in the heart of the medieval city as the ...

City »

A faction of BFUJ and DUJ staged a demonstration in front of the Jatiya Press Club on Wednesday in protest against closure of 54 online news portal.


.

Cricket »

Mashrafe regrets not getting another 20-25 runs after loss


UNB, Dhaka :Bangladesh lost the second ODI of the three-match series on Tuesday at Sher-e-Bangla National Cricket Stadium to the Windies by four wickets. The hosts' captain Mashrafe Bin Mortaza regrets more 20-25 runs at the end of the match.Bangladesh posted 255 for seven wickets in the first innings after ...

Entertainment »

Priyanka Gope in discussion with her new song


Sheikh Arif Bulbon :It is mostly happened in case of many singers where despite having outstanding lyrics and mind blowing composition many songs do not hit among the music lovers. For this reason, many singers cannot create attention among the listeners. National Film Award winner singer Priyanka Gope has rendered ...

 
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