FBCCI President Md. Jashim Uddin on Sunday thanked Prime Minister Sheikh Hasina for keeping gas prices rational amid the global turmoil caused by the Ukraine-Russia War and the rising trend of LNG price.
He called upon the distribution companies to ensure uninterrupted gas supply to keep the factory production incessant, according to an FBCCI press release.
It said that Earlier the distribution companies proposed for more than 100 percent price increase, while the new tariff rate for captive power has been increased by 15.5 per cent, large scale industry by 11.96 per cent and medium industry by 10 per cent.
In contrast, small and cottage industries will pay almost 37 percent lower tariff than current price. The price of gas in the power sector has been increased by 12.81 percent per cubic meter.
Reducing tariff will help the small and cottage industries to revive at this stage of the post-Covid economic recovery. It is also expected that the public transport fare will remain the same as the CNG tariff is kept unchanged.
The FBCCI believes that the new rates have been set taking into consideration the capabilities of all types of industries in the country, national and international perspective.
FBCCI president President Md. Jasim Uddin believes that Prime Minister Sheikh Hasina’s far-sighted decision regarding gas tariff will further accelerate the country’s industrialisation and economic growth.
Source: United News of Bangladesh