Business Desk :
The energy ministry was working on developing a suitable pricing formula for adjusting oil prices to a ‘tolerable’ level that would not affect the consumers and transport sector much, state minister Nasrul Hamid said on Tuesday.
“We want the oil price not to be a burden for the consumers and the transport sector,” he said at a programme at Bidyut Bhaban in the city.
The state minister said that the way the oil price is increasing in the international market is ‘abnormal’, and informed the workshop that the state-run Bangladesh Petroleum Corporation (BPC) is incurring a loss worth around Tk 1.0 billion per day as a consequence.
“We can’t sustain this huge loss for long,” said the state minister for Power, Energy and Mineral Resources. “After working out the pricing formula, we shall place it to the government for consideration of an adjustment.”
He was speaking as the chief guest at the inaugural session of the workshop titled “Free Governor Mode of Operations (FGMO)”, organized by the Bangladesh Power Management Institute (BPMI).
