Dhaka – Prices of different petroleum fuels will be lowered by Tk 3-10 per litre with effect from midnight Sunday, zero hour on Monday, unb news agency reported.
As per a gazette notification, per litre prices of diesel and kerosene will be Tk 3 lower, while octane and petrol will be cheaper by Tk 10 per litre.That means a litre of diesel or kerosene will cost Tk 65 instead of Tk 68, while a litre of petrol will set consumers back by Tk 86 instead of Tk 96, and octane will retail at Tk 89 instead of Tk 99 from Monday.
State Minister for Power and Energy Nasrul Hamid said the lowered prices will be effective from zero hour on Monday.
The price reductions follow the decision at a Cabinet meeting earlier this month to lower fuel prices in principle.
Earlier, the Energy Division decreased the price of furnace oil by Tk 18 — from Tk 60 to Tk 42 per litre last month following the Cabinet decision.
Officials at the Energy Ministry said that despite the downward adjustment in fuel price, the government still stands to profit from petroleum trading.
They said that following the price reductions, the government will be making a profit of Tk 25 on each litre of petrol, Tk 20 on a litre of octane, and Tk 17 on each litre of diesel and kerosene – thanks to the sustained slump in the price of oil in the international market.
