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Bangladesh to hike gas prices 32.8 percent

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Christian Fernsby ▼ | July 1, 2019
Bangladesh has decide to hike retail gas prices in the country 32.8 percent on July 1.
Bangladesh
Asia   The increases were approved the Bangladesh Energy Regulatory Commission
The increases were approved the Bangladesh Energy Regulatory Commission and decision was announced its chairman Monowar Islam Sunday in capital Dhaka on Sunday.

The prices for single burner from July 1 will be 925 taka and 975 taka for double burners, as against the current prices of 750 taka and 800 taka, respectively.

The commission raised the average gas tariff hiked 22.7 percent in February 2017.

Experts said the markup in the main utility prices would push up the nation's inflation rate.

Bangladesh's overall inflation rose to 5.63 percent in May due to soaring non-food costs, according to the Bangladesh Bureau of Statistics (BBS).

The Bangladeshi government Sunday passed a record 5.23 trillion-taka (about 62 billion U.S. dollars) national budget, targeting an economic growth of 8.2 percent and average annual inflation rate of 5.5 percent for the next 2019-20 fiscal year starting in July.


 

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