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>new hike in CNG, diesel, power prices soon

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>THE government plans to hike the prices of CNG by the end of this month and diesel and electricity after the Boro season to overcome the deficit in national economy.
Prof Dr M Tamim, special assistant to the chief adviser and in-charge of the Ministry of Power, Energy and Mineral Resources, said this today.
“The government considers withdrawal of subsidy from the energy sector including CNG, diesel and electricity, which are mainly used in business purpose such as transport and industries,” Dr Tamim said.
He was speaking at the ‘Meet the Reporters’ programme arranged by Forum for Energy Reporters of Bangladesh (FERB) at the National Press Club.
“In a national budget of Tk 87,000 crore, we have to spend Tk 14,000 crore to subsidise the energy and fertiliser sector, which creates a huge deficit in national economy, specially in food and education sector,” he added. (Read full report)


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