The government is considering reduction of fuel oil prices in the country, although common people, except some traders, do not get benefit from the price cutting of the commodity. State Minister for Power, Energy and Mineral Resources Narsul Hamid told the Jatiya Sangsad, while replying to a question from opposition bench member Kazi Feroz Rashid on Thursday.
“Though the fuel oil prices declined in the international market but at any moment it may increase. From that consideration, fuel price readjustment all at once is not appropriate,” he said.
Nasrul said: “If the government cuts fuel price, its benefit does not go to the common people although the transport and other related sectors enjoy it in reality.”
He informed the House that Bangladesh Petroleum Corporation (BPC) saved Tk110.78 billion (11,078.75 crore taka) by selling fuel from November 2014 to January 2016. The BPC paid Tk710.8 billion (Tk7,108.63 crore) to its various parties.
Besides, process has been underway to pay Tk4.96 billion (Tk496.63 crore) to the Petrobangla, the state minister added.