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
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|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).
|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.
 
 
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 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
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|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/
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|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


(2010/11/17)

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
Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
IFPDB matrix background.png
IFPDB matrix point.png
IFPDB trafficlight red.png IFPDB trafficlight explanation.png IFPDB trafficlight red.png



Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.bpc.gov.bd/
Other Information http://www.emrd.gov.bd/index.html
Other Information http://www.berc.org.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

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de