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Project Insights

Bangladesh plans gas price increase

Bangladesh is set to increase gas prices in response to the rising cost of LNG imports.
By Staff reporter 4 September 2018 Asia Pacific / Global Markets 0 32409

Bangladesh is set to increase gas prices in response to the rising cost of LNG imports, according to the Dhaka Tribune.

The fertiliser and power sectors are set to take the brunt of the proposed price hikes, with increases of 372% and 206% respectively.

Prices will rise by 93% for industry and by 25% for the CNG sector.

These price hikes are designed to shield domestic consumers from higher prices.

State oil and gas company Petrobangla faces a shortage of 28 million cubic metres per day...