Bangladesh to Watch Global Energy Prices for Three Months Before Fuel Price Revision
The Bangladesh government has announced that it will monitor global energy prices for three months before revising domestic fuel prices. The move aims to manage mounting subsidy pressures driven by surging global fuel costs.
Rising global prices have inflated the government's subsidy burden, particularly for liquefied natural gas (LNG) imports. Finance Secretary Md Khairuzzaman Mozumder issued a directive during a high-level meeting on power and energy subsidies to prepare a price adjustment proposal following the three-month observation period.
A six-member committee has been formed to review global price trends, assess outstanding payments owed to independent power producers (IPPs), and project liabilities from newly commissioned power plants. The panel will also review the Energy Division's proposal to raise gas prices for CNG filling stations and gas power plants.