Dhaka Chamber welcomes decision to cut fuel prices

Dhaka Chamber of Commerce & Industry, DCCI, has applauded the interim government for taking the decision to reduce the prices of fuel oil at all stages adjusting with the international market.

Dhaka Chamber President Ashraf Ahmed believes that due to this timely decision of the government, the cost of production of products in the agricultural and industrial sectors will be reduced, also a positive effect will be seen in the transport sector.

In recent times, due to the high cost of energy in the industrial sector and lack of uninterrupted electricity & gas supply, the cost of production and marketing of industrial products has increased, resulting in an increase in the overall cost of doing businesses in the country, he said.

Locally, the high price of energy fueled the inflation that subsequently increased the cost of living and sufferings of the mass people, Ashraf said, adding that this initiative of slashing the price of energy, the cost of production in the industries will come down to some extent that will help increase our competitiveness in the international competitive market.  

DCCI hopes this initiative would play an effective role in bringing down the inflation, the DCCI president also said.