Gas prices hiked by 32.8 percent

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Bangla Tribune Report
Published : 16:43, Jun 30, 2019 | Updated : 22:23, Jun 30, 2019

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The energy regulator has increased gas price for all users which will be effective from Monday (Jul 1).

With the latest revision, prices have been hiked on an average by 32.8 percent in in eight categories, including that of household users.

The monthly gas bill for single-burner stoves has been hiked to Tk 925 from Tk 750 and double-burners at Tk 975 from Tk 800.

For customers paying for gas by the cubic metre, the price will jump to Tk 12.60 per cubic metre from Tk 9.10 per cubic metre.

The Bangladesh Energy Regulatory Commission issued a circular on Sunday, after a four-day public hearing held in March over the proposals placed by six gas distribution companies for price hikes at the consumer level.

The price of compressed natural gas (CNG), used in vehicles, will also rise to Tk 43 per cubic metre from Tk 30 per cubic metre.
Price of gas for commercial users like, restaurants, hotels and hospitals has been hiked by 34.98 percent.
The gas price hike for industry is 37 percent. However, the price for small and cottage industries was not raised.
Public and private power plants will have to pay by 42.8 percent while fertiliser factories by 65 percent more.
In February this year, the six gas distribution companies forwarded proposals to the regulator to hike prices by 102 percent on average, following which a four-day public hearing was held in March.
Gas prices were revised up by an average of 22.70 percent in February 2017 with households hit with over a 50 percent monthly rise for stoves.

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