Diesel, kerosene prices increase by Tk 15 per litre
Published: 11:41 AM, 4 November 2021
The prices of Diesel and kerosene have been raised by Tk15 per litre at the retail level in the country due to continuing rally of fuel prices in the global market.
The new rate is Tk80 litre, effective from the zero hours on Thursday. The previous price of a litre of diesel and kerosene in Bangladesh was Tk 65.
However, the prices of other petroleum products will remain unchanged.
The Ministry of Power, Energy and Mineral Resources has issued a press release on Wednesday night in this regard.
In the July-September period, the average price of oil shot up about 71 percent to $73 per barrel, according to the World Bank's commodities price data. Then in October, it hit $83.7 a barrel.
Subsequently, many countries, including neighbouring India, are adjusting the prices of the two fuels at regular intervals, said the energy ministry in a statement yesterday following the price hike.
For instance, on November 1, the price of diesel in India was Rs 101.56, which is about Tk 124.41, whereas it was Tk 65 in Bangladesh.
Considering the current purchase price, the BPC is losing about Tk 20 crore per day: it is selling each litre of diesel at Tk 13.01 lower than the purchase price and furnace oil Tk 6.21 less.
Subsequently, in October, the BPC logged in losses of Tk 726.7 crore, the statement said, adding that the government agency has been racking up losses of about Tk 20 crore a day.