Policy & Regulation

Bangladesh struggling under subsidy burden – World Bank

Gas subsidies are putting a huge burden on Bangladesh’s finances, a report from the World Bank has concluded.
By Staff reporter 21 December 2018 0 33789

Gas subsidies are putting a huge burden on Bangladesh’s finances, a report from the World Bank has concluded, according to Bangladeshi newspaper New Age.

The total impact of price distortions on the power sector is equivalent to $11.2 billion, with the biggest single cost, $4.5 billion per year, resulting from the sale of gas at artificially low prices.

The country imported LNG this year for the first time through a terminal at Moheshkhali.

The high cost of LNG is...