Energy Bangla

The country is set to formally launch its first-ever underground pipeline-based fuel transportation facility from Chittagong to Dhaka on Saturday. With this landmark initiative, experts have opined that a new horizon is going to be opened in the country’s fuel oil transportation system, which will ultimately result in reducing supply time and carrying cost substantially per annum. Project Director (PD) Aminul Haque told BSS that fuel transportation through the newly... »

Fuel prices will remain unchanged for the month of August. The decision has been made under the country’s automatic pricing formula, which adjusts prices in line with fluctuations in the global fuel market. The Ministry of Power, Energy and Mineral Resources announced the price decision through an official order issued by the Energy and Mineral Resources Division on Thursday. According to the ministry’s statement, the aim of this step is... »

Bangladesh interim government has decided to keep fuel prices unchanged at the consumer level in July, based on the revised pricing formula and guidelines. According to a statement issued by the Ministry of Power, Energy and Mineral Resources on Sunday, the prices will remain fixed at Tk 102 per litre for diesel, Tk 114 for kerosene, Tk 122 for octane, and Tk 118 for petrol. The new rates, which will... »

Global oil prices jumped after Israel said it had struck Iran in a dramatic escalation of tensions in the Middle East. The price of the benchmark Brent crude rose more than 10%, reaching its highest level since January, before losing some gains. Traders were concerned that a conflict between Iran and Israel could disrupt supplies coming from the energy-rich region. The cost of crude oil affects everything from how much... »

The government has reduced prices of diesel, petrol and octane in the local markets to be effective from June 1, 2025, according to a gazette notification issued by the Ministry of Power, Energy and Mineral Resources here. The notification said diesel price has been fixed at Taka 102 per litter while octane at Taka 122 and petrol at Taka 118. The price of kerosene has increased 10 taka. The price... »

NEW YORK, May 20 (Reuters) – Oil prices were little changed on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China’s economy. Brent futures slid 16 cents, or 0.2%, to settle at $65.38 a barrel, while U.S. West Texas Intermediate (WTI) crude slid 13 cents, or 0.2%, to settle at $62.56. The Reuters Tariff Watch newsletter... »

13 May 2025 The price of jet fuel has been reduced from Tk111 to Tk93.57 per litre for domestic flights and from $0.75 to $0.6066 per litre for international flights, the Bangladesh Energy Regulatory Commission (BERC) announced on Tuesday. In addition, the storage and distribution charge of Bangladesh Petroleum Corporation (BPC) has been revised to Tk4.04 per litre, while Padma Oil Company Limited’s marketing charge for Jet A-1 (aviation fuel)... »

DUBAI, May 11 (Reuters) – Saudi oil giant Aramco (2222.SE), opens new tab, a longtime cash cow for the kingdom, reported a 4.6% drop in first-quarter profit on Sunday due to lower sales and higher operating costs as economic uncertainty hit crude markets. The world’s top oil exporter reported net profit of 97.54 billion riyals ($26.01 billion) in the three months ended March 31, which beat a company-provided median estimate... »

The Bangladesh Petrol Pump and Tank Lorry Owners Unity Council has issued a 12 day ultimatum to the government, demanding the fulfilment of a 10-point charter of demands, including setting the fuel sales commission at a minimum of 7%. If unmet, the council has announced a strike from May 25. At a press conference held at the Dhaka Reporters Unity conference room on Sunday, the council’s Joint Convener Syed Sazzadul... »

The interim government has reduced the prices of four types of fuel oil by Tk 1 per litre. The new rates will take effect from May 1, according to a notification issued by the Ministry of Power, Energy and Mineral Resources on Wednesday. It said the price of diesel and kerosene has been reduced from Tk 105 to Tk 104 per litre. Petrol will now cost Tk 121 instead of... »