Gas stations warn shut down if price goes up

energy price

CNG station owners have threatened shutting down the stations if the government raises the price of compressed natural gas (CNG).

“We will have no option but to shut down our pumps if the price increases further,” Masud Khan, president of Bangladesh CNG Filling Station and Conversion Workshop Owners Association, told a discussion in Dhaka today.

The government proposed the Bangladesh Energy Regulatory Commission (BERC) to raise the price of CNG by 83% and the regulator would hold public hearings during August 7 to August 18.

The government also proposed to almost double the prices of gas used by households and other consumers.

Eminent columnist Syed Abul Maksud, Architect Mobassher Hossain, energy specialists Prof Badrul Imam, Prof Shamsul Alam and Prof M Ehsan also took part in the discussion titled “Resist Gas Price Hike, Transport Fare Hike”, moderated by economist Prof MM Akash.

They expressed concern over the move to increase the price hike and said it would badly affect the market of essential commodities as transport fares will double like the previous occasions.

They pointed out the incidences of raising the CNG prices when transport operators immediately raised the fares, stimulating prices of all commodities on the next day.

General Secretary of CNG association Farhan Noor said the gas companies are pushing for the price hike despite making huge profit.

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