DHAKA: Bangladesh on Thursday hiked prices of liquefied petroleum gas used for cooking and compressed natural gas in some cars by 29 percent, as the Mideast war worsens an energy crunch.
The South Asian nation of 170 million people imports 95 percent of its oil and gas needs.
With the latest price hike, a 12-kilogramme LPG canister will rise from 1,341 taka to 1,728 taka ($10.90-$14.05).
The Bangladesh Energy Regulatory Commission announced the new price on Thursday, saying the price of compressed natural gas used in motor vehicles would rise by the same percentage.
READ MORE: Bangladesh secures spot LNG cargoes as Mideast conflict lifts costs
The Ministry of Public Administration on Sunday issued a string of orders regarding office attendance and saving electricity and fuel.
Bangladesh has said it is seeking loans of around $2 billion from multilateral donors to tackle energy worries.
The government has already taken several measures to curb fuel consumption, including setting limits on fuel purchases, halting production at most fertiliser factories, and deploying police to patrol filling stations.
Comments
Comments are closed for this article.