Fuel oil price to be adjusted with global market

Special Correspondent :
The price of fuel oil will be adjusted in accordance with the international market as Prime Minister already given her approval in this regard.

State Minister for Power, Energy and Mineral Resources Nasrul Hamid came up with this while talking to reporters after the session of the concerned ministries on the third day of the Deputy Commissioners (DCs) Conference at Osmani Udyan in the city on Tuesday.

“A formula has been made. We have already received approval from the Prime Minister in this regard.

We will publish the adjusted fuel oil price though a gazette notification this week,” he said.
If the fuel price falls in Bangladesh, there is a fear of smuggling across the border, the State Minister said.

When asked regarding oil smuggling, Nasrul Hamid replied, “We have kept our eyes on the matter.

As you know, per liter diesel price in Bangladesh is Tk 109, while it is selling at Tk 133 in India’s Kolkata.So we have informed the matter to law enforcement agencies.

If fuel oil price is cheaper in Bangladesh there is more risk of oil smuggling. So, the matter will be under surveillance.” He said that DCs had a great role in keeping electricity and energy uninterrupted in the country.

“We have discussed regarding the matter and suggested the DCs to work maintaining coordination in the coming period, including March, electricity and fuel must be kept uninterrupted,” Nasrul Hamid said.

The environment was also discussed. There has been talk about how to increase the coverage of solarpower in everything including irrigation. He also discussed on environment issues as how to save fuel extending areas of solar power.