Petrobangla Seeks Massive Price Hike on Liquefied Natural Gas

Petrobangla has submitted a proposal to increase the price of liquefied natural gas (CNG) used in power generation and vehicles.

The proposal, which was sent to the Energy and Mineral Resources Division (EMRD), suggests raising the price of gas used in power generation to Tk 25 per cubic metre, up from the current Tk 15.50.

This represents a price hike of Tk 9.50 per cubic metre, or about 61 percent, according to the latest order from the Bangladesh Energy Regulatory Commission (BERC).

The proposal also calls for increasing the price of CNG used in vehicles to around Tk 65, up from the current pump price of Tk 43.