Gas price hike meant for creating LPG market

Workers Party President Rashed Khan Menon alleged on Sunday the recent gas price hike was aimed at creating a market for LPG in the country, reports UNB.

Speaking in Jatiya Sangsad (JS) standing on the point of order, he also said such hike in the gas price without discussion in the House is a disregard to the House by the Bangladesh Energy Regulatory Commission (Berc).

Citing the minister concerned that the price hike was made to adjust the gas price and reduce the subsidy, Menon said whereas India is importing 1000 cft LNG at a price of US$ 6.5, Bangladesh is procuring it at US$ 10.5.

He said the government has already increased the LPG price by 32 per cent. "Now, we see that by this price adjustment, the price of LPG has also been increased. When the supply of CNG will be stopped, CNG stations will be turned into LPG stations. Now, this is the matter of debate whether this decision of price hike has been taken to create the market for LPG," he said.

The Workers Party chief said the hike will make impacts on household, industries and transportation which means there will be an effect on the whole economy.