Public hearing on gas price hike proposal begins

The public hearing on the proposals for raising gas prices started at the Bangladesh Energy Regulatory Commission (BERC) in the city on Monday, reports UNB.

On the first day of the hearing held at Trading Corporation of Bangladesh (TCB) auditorium, the watchdog body heard the appeal of state-owned Gas Transmission Company Limited (GTCL) which sought a hike in its transmission charge by 68.65 per cent to Tk 0.4476 per cubic metre (CM) from the existing Tk 0.2654.

To justify the GTCL's plea, Petrobangla chairman Abul Mansur Md Faizullah said they have undertaken a number of gas transmission projects to facilitate the supply of imported LNG (liquefied natural gas) which will push up their transmission cost. GTCL is a subsidiary body of Petrobangla.