The government has reduced the price of furnace oil amidst a growing demand for cuts in prices of all types of fuel oil.
The power, energy and mineral resources ministry announced on Thursday a cut of Tk 18 a litre, bringing down the furnace oil price from Tk 60 a litre to Tk 42 The new retail price will take effect at midnight.
Furnace oil is usually used to generate electricity.Businesses have been demanding cuts in prices of other varieties of fuel oils as well but the government has so far been unresponsive.
Despite global oil prices falling for well over a year, the government has kept oil prices unchanged to help state-owned Bangladesh Petroleum Corporation to offset some its earlier losses.