BPC loses Tk83cr daily
Bangladesh Petroleum Corporation (BPC) is currently incurring losses of around Tk 83 crore every day as the government continues to keep fuel prices subsidised despite a sharp rise in international oil prices.
Energy Minister Iqbal Hassan Mahmood disclosed the figures in a written response to a question from MP Sanjida Islam during today’s session of parliament.
According to the minister, no fuel subsidy was required until February 2026, as domestic fuel prices were adjusted monthly in line with international market prices.
However, international fuel prices surged abnormally from March following the outbreak of war in the Middle East. The government subsequently decided to maintain the existing fuel prices in the public interest, resulting in substantial losses for BPC.
The state-owned corporation incurred losses of Tk 20,059.73 crore between March and July 2026, according to the minister.
Despite the losses, BPC has continued importing fuel using its own funds over the past five months to ensure an uninterrupted supply. To finance the imports, the corporation has withdrawn Tk 17,000 crore from funds linked to ERL Unit-2 and other development projects.
BPC has sought Tk 20,059.73 crore in subsidy reimbursement from the Energy and Mineral Resources Division. The division has subsequently requested approval from the Finance Division to ensure the continuation of fuel imports and uninterrupted supply.
Meanwhile, in response to a separate parliamentary question from MP Sarwar Jamal Nizam, the energy minister said the total cost of electricity generation in Bangladesh amounted to Tk 7,02,217 crore between fiscal year 2009-10 and 2024-25. During the same period, electricity sales generated revenue of Tk 4,96,475 crore.
In another response to MP Farida Yasmin, the minister said Bangladesh currently imports 2,656MW of electricity from India and 40MW from Nepal.
He also said that outstanding arrears for imported electricity stood at Tk 2,904 crore at the end of the interim government’s tenure.
