Sunday, June 26

Price of gas may hike by 25% of power by 3%



State Minister for Power and Energy Nasrul Hamid says that prices of gas and of electricity are going to increase at consumer level. He adds that new prices are likely to be effective from the 1st of September.

Bangladesh Energy Regulatory Commission, BERC is expected to make an announcement in this regard this afternoon. Gas price may increase by more than 25 percent, while electricity price may rise by 3 percent on an average. Gas price was last increased in 2009, while the pow-er price was last hiked in March last year.

At the beginning of this year, the energy regulatory commission held hearings in response to the requests of distributors for the hike of gas and electricity prices.

Bangladesh Energy Regulatory Commission (Berc) has increased the average power retail price by 2.93 percent and gas price by 26.29 percent with effect from September 1.