Energy Bangla

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Dhaka Saturday,  Apr 20, 2019

Duty Exempted From LNG Import

In order to lessen the price of Liquefied Natural Gas (LNG), the government has exempted duties (Customs Duty or CD) from LNG import.

The Internal Resources Division of the government has already published a notification regarding this duty exemption which is taken to be enacted from 18th September of this year. Another proposal of duty (Supplementary Duty or SD) exemption from LNG import is awaiting approval and now has been sent to finance ministry for vetting.

The supply of LNG has already been started to the country in the last month. Considering the high price of LNG, the gas distribution companies have already offered for a price hike of gas. After evaluating the price hike proposals, Bangladesh Energy Regulatory Commission (BERC) has almost finalized the price pattern of gas.

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