Bangladesh has resumed the purchase of liquified natural gas from the international spot market after a pause of seven months as the government looks to ensure adequate supply for energy-starved industries to keep the economy running at a good speed.

Dhaka has urged Riyadh to consider supplying crude or refined oil from Saudi public oil company Aramco on a deferred payment basis.

The government yesterday increased the electricity price once again by 5 percent at the retail level -- the second hike in 19 days as it steadily retracts subsidies from the power sector while piling the burden on common people already struggling with inflation.

"The fuel prices in the international market have increased drastically as such there is no alternative to adjusting prices."

The retail price of electricity will be raised by five percent for the second time in less than a month.

Bangladesh is among the nine special invitees which will attend the first G20 Energy Transition Working Group (ETWG) meeting to be held under India's presidency in Bengaluru from February 5-7, 2023.

The Bangladesh Energy Regulatory Commission (Amendment) Bill 2023 was passed in parliament today paving the way for the government to adjust the prices of gas and electricity without a public hearing.

The financial loss of the state-owned Bangladesh Power Development Board (PDB) is likely to cross Tk 54,000 crore in the current fiscal after the hike in the price of gas increased their input cost.

State-run Titas Gas Transmission and Distribution Company Ltd yesterday said its profit dipped 13 per cent year-on-year in the first six months of 2022-23 fiscal year, despite it posted higher earnings in the second quarter.

The business leaders are scheduled to sit with Prime Minister Sheikh Hasina soon to review gas and power prices, as they are facing difficulties because of the high prices of the two, Commerce Minister Tipu Munshi said today.

A new well has been found at Bhola North Gasfield with the potential to produce 20 million cubic feet (mmcf) of gas a day, according to a statement from the Ministry of Power, Energy and Mineral Resources.

The Consumers Association of Bangladesh (CAB) today submitted a petition, signed by 25,720 persons, urging the energy ministry for not signing the Energy Charter Treaty as the signing of the treaty will affect the public interest and the nation’s energy sector.

As part of the long-term master plan for the power sector, the government has been working to implement the plan in phases to generate 40 percent electricity from clean energy by 2041.

Nigeria wants to expand trade with Bangladesh as the south Asian country has achieved significant development in the last decade, said Akinremi Bolaji, director for economic, trade and investment of the foreign affairs ministry of the west African nation.

BERC has adjourned the process of hearing for fixing the price of power after the government bypassed it and hiked the retail price of electricity last week.

Protesting poor supply of fuel, Sylhet's fuel traders decided to go on an indefinite strike from Wednesday.

The electricity tariff in Bangladesh hiked by 5 percent at the retail level is still less than that in many developed countries, said Information Minister Hasan Mahmud today.

The government yesterday raised the electricity price for consumers, on average, by 5 percent, skirting around procedures of Bangladesh Energy Regulatory Commission (BERC).

The government has hiked the retail price of electricity by 5 percent bypassing the public hearing of the Bangladesh Energy Regulatory Commission.

The government is now hiking the retail price of electricity bypassing the public hearing of the Bangladesh Energy Regulatory Commission.