Price of Diesel-Kerosene Go Up

The price of diesel and kerosene has been increased from tk 75 per liter to tk 60 per liter at the consumer level. The decision will take effect after 12 noon on Wednesday.

On the same day, the Ministry of Energy and Mineral Resources issued a notification in this regard.

The price of fuel oil is rising in the international market, the press release said. Due to this rise, neighboring countries around the world are regularly adjusting the price of fuel oil. On November 1, the price of diesel in India was tk 124.41 or Rs 101.58 per liter. However, the price of diesel in Bangladesh is tk 65 rupees per liter, which is Rs 59.41 less per liter. So the price has been increased by tk 15 per liter.

Considering the current purchase price, Bangladesh Petroleum Corporation is incurring a loss of around Tk 20 crore per day as it sells diesel at tk 13.01 per liter and Furnace Oil at tk 6.21 per liter. As of October 2021, Bangladesh Petroleum Corporation has supplied various grades of petroleum products at current prices, resulting in a total loss of Tk 728.61 crore.

Considering the overall situation, the government has only increased the price of diesel and kerosene from tk 65 per liter to tk 80 per liter at the consumer level. All other matters including the notification issued by the Department of Energy and Mineral Resources on 22 December 2008 and the amendments issued in this regard will remain unchanged.