No hike in gas price for now: BERC
Bangladesh Energy Regulatory Commission (BERC) said the gas prices for household usage will not be increased for now.
The commission came up with the decision at a press conference in its office in Dhaka on Tuesday (October 16).
BERC chairman Monwar Islam said, “We find no reason to raise the gas price under current situation’.
He said the distribution companies appealed for price hike calculating import of 1000 mmscfd LNG gas. But currently, LNG could only supply 300 mmscfd.
Secondly, he said, NBR has given supplementary duty waiver on import of LNG.
‘That's why we don't allow raising gas price’, he said.
Other commissioners were also present at the briefing.
Commission member Mohammad Abdul Aziz, however, said that the government would have to provide Tk 3000 as subsidy to the distribution companies to cover the loss that they will incur due to the import of LNG.
He said the commission would ask to provide Tk 1400 from short support fund.
He said the commission will consider price hike when the 1000 mmcfd LNG will be supplied to the national network.
