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=Fuel prices are controlled by government and not adjusted regularly. Since the beginning of 2011, prices were raised in May, Aug, and Nov 2011 and Jan 2012. In Mar 2012, the price of diesel needed to rise by another 45% to break even. Bangladesh Petroleum Corporation (BPC) in 2011 negotiated with Malaysia’s national oil company Petronas and the Philippines National Oil Company to extend US$550 million and US$250 million, respectively, on deferred payment for fuel oil for up to one year with minimal interest. BPC has taken out loans from state-owned commercial banks, received budgetary transfers to cover its operating losses, and relied on banks to provide much of the foreign exchange needed, because delayed budgetary transfers have caused BPC to regularly lack funds to purchase foreign exchange for oil imports. IMF reported in Mar 2012 that government was expected to adopt an automatic adjustment formula by December 2012, which would ensure full pass-through of changes in international prices. | + | |Fuel Pricing Policies="Fuel prices are controlled by government and not adjusted regularly. Since the beginning of 2011, prices were raised in May, Aug, and Nov 2011 and Jan 2012. In Mar 2012, the price of diesel needed to rise by another 45% to break even. Bangladesh Petroleum Corporation (BPC) in 2011 negotiated with Malaysia’s national oil company Petronas and the Philippines National Oil Company to extend US$550 million and US$250 million, respectively, on deferred payment for fuel oil for up to one year with minimal interest. BPC has taken out loans from state-owned commercial banks, received budgetary transfers to cover its operating losses, and relied on banks to provide much of the foreign exchange needed, because delayed budgetary transfers have caused BPC to regularly lack funds to purchase foreign exchange for oil imports. IMF reported in Mar 2012 that government was expected to adopt an automatic adjustment formula by December 2012, which would ensure full pass-through of changes in international prices." |
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | ||
Revision as of 10:33, 18 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 |
"Fuel prices are controlled by government and not adjusted regularly. Since the beginning of 2011, prices were raised in May, Aug, and Nov 2011 and Jan 2012. In Mar 2012, the price of diesel needed to rise by another 45% to break even. Bangladesh Petroleum Corporation (BPC) in 2011 negotiated with Malaysia’s national oil company Petronas and the Philippines National Oil Company to extend US$550 million and US$250 million, respectively, on deferred payment for fuel oil for up to one year with minimal interest. BPC has taken out loans from state-owned commercial banks, received budgetary transfers to cover its operating losses, and relied on banks to provide much of the foreign exchange needed, because delayed budgetary transfers have caused BPC to regularly lack funds to purchase foreign exchange for oil imports. IMF reported in Mar 2012 that government was expected to adopt an automatic adjustment formula by December 2012, which would ensure full pass-through of changes in international prices."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
| in USD* |
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| in Local Currency |
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* 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.berc.org.bd/ |
| Other Information | http://www.bpc.gov.bd/ |
| Other Information | http://www.emrd.gov.bd/index.html |
| 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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