Difference between revisions of "Fuel Prices Bangladesh"
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{{Fuel Price Factsheet | {{Fuel Price Factsheet | ||
|Fuel Price Country=Bangladesh | |Fuel Price Country=Bangladesh | ||
| + | |Fuel Pricing Policies=The „Bangladesh Energy Regulatory Commission“ (BERC, http://www.berc.org.bd/) appears to be in charge of setting fuel prices in Bangladesh. However, no detailed information on fuel prices and price composition is available on their website. | ||
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| + | According to sources (see →App.A1), gasoline and diesel are subsidized. In May 2011, the prices for fuels were increased by 2 taka per litre to lower subsidies on the long term. This was the first price change since January 2009, when prices were significantly reduced due to low crude oil price. The last price increase was in summer 2008, when crude oil prices reached record levels. | ||
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| + | The Bangladesh Petroleum Corporation is the countries only oil goods importer and distributor, showing an immense deficit per year induced by fuel subsidies (20 billion taka = ~285 million US$, →App. A2). | ||
|Fuel Currency=BDT | |Fuel Currency=BDT | ||
|Fuel Price Exchange Rate=60.122 | |Fuel Price Exchange Rate=60.122 | ||
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According to sources (http://in.reuters.com/article/2011/05/06/idINIndia-56817120110506), there is a subsidy of 33.44 taka per litre of diesel (~43% of total costs) and 8.2 taka per litre of gasoline (~10% of total costs). | According to sources (http://in.reuters.com/article/2011/05/06/idINIndia-56817120110506), there is a subsidy of 33.44 taka per litre of diesel (~43% of total costs) and 8.2 taka per litre of gasoline (~10% of total costs). | ||
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|Fuel Matrix Pricing Mechanism=1 | |Fuel Matrix Pricing Mechanism=1 | ||
|Fuel Matrix Price Level=2 | |Fuel Matrix Price Level=2 | ||
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|Fuel Price Factsheet Source Type=Other Information | |Fuel Price Factsheet Source Type=Other Information | ||
|Fuel Price Factsheet Source Link=http://www.emrd.gov.bd/index.html | |Fuel Price Factsheet Source Link=http://www.emrd.gov.bd/index.html | ||
| + | |Fuel Price Factsheet Source Annotation=Bangladesh Energy Regulatory Commission (BERC) | ||
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{{Fuel Price Factsheet Source | {{Fuel Price Factsheet Source | ||
|Fuel Price Factsheet Source Type=Other Information | |Fuel Price Factsheet Source Type=Other Information | ||
|Fuel Price Factsheet Source Link=http://www.berc.org.bd/ | |Fuel Price Factsheet Source Link=http://www.berc.org.bd/ | ||
| + | |Fuel Price Factsheet Source Annotation=Bangladesh raises fuel prices to cut subsidy | ||
}} | }} | ||
{{Fuel Price Factsheet Source | {{Fuel Price Factsheet Source | ||
Revision as of 15:33, 11 February 2013
Part of: GIZ International Fuel Price database
Also see: Bangladesh Energy Situation
Fuel Pricing Policies
| Local Currency: | BDT |
| Exchange Rate: | 60.122
|
| Last Update: | 2011/05/01 |
The „Bangladesh Energy Regulatory Commission“ (BERC, http://www.berc.org.bd/) appears to be in charge of setting fuel prices in Bangladesh. However, no detailed information on fuel prices and price composition is available on their website.
According to sources (see →App.A1), gasoline and diesel are subsidized. In May 2011, the prices for fuels were increased by 2 taka per litre to lower subsidies on the long term. This was the first price change since January 2009, when prices were significantly reduced due to low crude oil price. The last price increase was in summer 2008, when crude oil prices reached record levels.
The Bangladesh Petroleum Corporation is the countries only oil goods importer and distributor, showing an immense deficit per year induced by fuel subsidies (20 billion taka = ~285 million US$, →App. A2).
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
| in USD* |
|
|
| in Local Currency |
|
|
* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
No official information available online.
According to sources (http://in.reuters.com/article/2011/05/06/idINIndia-56817120110506), there is a subsidy of 33.44 taka per litre of diesel (~43% of total costs) and 8.2 taka per litre of gasoline (~10% of total costs).
At a Glance
| Regulation-Price-Matrix |
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Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.emrd.gov.bd/index.html |
| Other Information | http://www.berc.org.bd/ |
| Other Information | http://www.bpc.gov.bd/ |
| Wholesale Prices | http://www.bpc.gov.bd/contactus.php?id=39 |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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