Russian state-owned oil supplier Zarubezhneft JSC has sent samples of its crude oil to Bangladesh Petroleum Corporation (BPC).

The fuel price should have been left as it is instead of the Tk 5 cut per litre, which is unlikely to have any visible impact, said Tawfiq-e-Elahi Chowdhury, energy adviser to the prime minister.

Prime Minister’s Energy Adviser Tawfiq-e-Elahi Chowdhury today (August 31, 2022) said it would have been better to continue with the existing price of fuel instead of reducing it by Tk 5.

Thirty-five percent of all capacity payments the government made to independent power producers (IPPs) over the last three years went to two private companies and a joint venture.

The government’s decision to cut fuel prices by Tk 5 per litre would have little impact on the crisis that people are now facing, said economists and experts.

The first unit of the 1320MW coal-fired Maitree Super Power Plant at Rampal in Bangladesh has been synchronised with the country’s national electricity grid, ahead of its likely joint inauguration during Bangladesh Prime Minister Sheikh Hasina’s visit to India in September.

In light of the ongoing global energy crisis, Dhaka is seeking a long-term partnership with Delhi to buy its surplus fuel, said said Foreign Secretary Masud Bin Momen yesterday (August 29, 2022).

The government yesterday trimmed fuel prices by Tk 5 per litre in line with the 11.25 percentage point slash in the import duty of diesel by the National Board of Revenue.

The government has decided to cut fuel prices by Tk 5 per litre, which will be effective from 1:00 am tomorrow (August 30, 2022).

The government may adjust fuel prices, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said.

The government is likely to bring down the diesel price following the cut in import duty on the key fuel by the National Board of Revenue, said an energy ministry official yesterday.

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has claimed that the power supply situation has been better in the current month than that in the previous month.

The US today (August 26, 2022) said it wants to join a coalition seeking to impose a price cap on Russian oil aimed at squeezing revenue streams for Moscow and softening the global energy prices.

Bangladesh is in discussions with Russia to procure crude and refined oil, Russian Ambassador to Bangladesh Alexander Mantytskiy said today.

State Minister for Public Administration Farhad Hossain today (August 24) said the new office schedule for the government and autonomous offices will remain in effect until further notice.

The power load has moved one hour earlier following the rescheduling of office hours, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said today.

The Parliamentary Committee on Public Undertakings today (August 23, 2022) said they are “shocked” by the widespread irregularities and audit objections in state-run Bangladesh Petroleum Corporation (BPC).

Fuel oil traders of Khulna has been observing a 12-hour strike since morning in order to press home their three-point demand including increased commission and tank-lorry rents.

Bangladesh is contemplating import of Russian oil via a third country.

Petrobangla has begun drilling a development well at Shahbazpur Gas Field in Bhola.