State Minister of Power, Energy and Mineral Resources Nasrul Hamid said, we asked the government for permission to reduce prices, but the global price of oil started rising suddenly. According to the World Bank’s calculations, the price of oil may rise further. As a result we cannot bring down the price of oil now.
Asked how much the Bangladesh Petroleum Organisation earns through the sale of diesel and furnace oil, Nasrul Hamid said, the margin on diesel sale is very small. The government subsidises this fuel for farmers… it seems this subsidy will have to be extended for a few more years. Unless our poverty level decreases, we will have to maintain the subsidy. Our main import is jet fuel. There is some margin on jet fuel when compared with diesel.