Price of diesel, kerosene refixed

The government has refixed the prices of diesel and kerosene as the price of fuel is rising in the international market. 

Bangladesh Petroleum Corporation (BPC) is losing around Tk 20 crore per day as it sells diesel at Tk. 13.01 per litre and furnace oil at Tk. 6.21 per litre which are much less compared to the international market, said a press release.

Apart from Bangladesh, many countries including the neighboring India, are regularly refixing the fuel price to adjust with the global market, added the release. 

On November 1, 2021, the market price of diesel in India was Tk. 124.41 or Rs 101.56 per liter, while in Bangladesh, the price of diesel was Tk. 65 per liter, which is Tk. 59.41 less, the notification added.

In October 2021, the BPC incurred loss of Tk 726.71 crore as it supplied various grades of petroleum products at current prices.

Considering the overall situation, the government has refixed Tk. 80 per litre for diesel and kerosene at Tk. 65 per litre. 

The last time price of petroleum products was refixed by reducing price through a gazette notification on 24 April 2016. 

Source: BSS