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Dhaka Sunday,  Jul 23, 2017

CPD Recommends Diesel, Kerosene Price Cut

EB Report

The Center for Policy Dialogue (CPD) has recommended curtailing of diesel and kerosene prices.

The non-government research body, at a media briefing on Sunday, argued that these two fuel items – diesel and kerosene – are used mostly by the poorer segment of the society.

“So, it will not bring about so much social and economic benefits if the government makes much profit out of these two fuels,” said the CPD.

Currently, the government-run Bangladesh Petroleum Corporation (BPC) imports fuels and sells them at administered prices and the corporation makes a huge profit, thanks to lower prices of oils internationally.

CPD argued that the poor people will be benefited if the prices of diesel and kerosene are slashed down.

The CPD presented its economic analysis on the 2016-17 fiscal at the media briefing held at the Brac Centre Inn in the capital.

The think-tank put forth five-point recommendations to overcome weaknesses in implementing the national budget.

Curtailing of the diesel and kerosene price is one of the five-point recommendations.

The four other recommendations are: devaluing taka for ensuring benefits in the sectors of exports and remittances, reducing the interest rate of savings certificates, controlling the rice price, and forming an independent financial sector reforms commission to remove the weaknesses in the banking sector.

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