Tuesday, 15th June 2021

PM urges people to accept gas price hike for nations benefit

Dhaka, July 9 (BAN/ AD): PM Hasina has urged citizens to accept gas price hike, as the import cost of per cubic feet LNG is Tk61.12, but it is being sold at Tk9.80 with huge subsidy she explained. She also said price hike is necessary for economic growth of country.

PM said “If you truly want economic development, it will [gas-price hike] have to be accepted.” PM was addressing a press conference post China visit at her residence when she said this.

PM added saying “It was possible as we paid enough attention to energy, and we could have increased power generation, too. But, we have to import gas, and the import cost of LNG is huge. Energy is most important for economic development.” She also said “Even after the gas price hike, over Tk10,000 crore has to be given as subsidy.”

PM gave example of neighboring India that our prices are still much less than in India. The gas prices are adjusted in India twice a year – first in April, and then in October. She said “It is said that the gas prices were decreased [in India]. [In India} the price of household gas is Tk30-37/cubic feet, whereas that is only Tk12.60 in Bangladesh.

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