World market price lowest ! Energy oil prices in the country.....?

The price of fuel oil in the global market is now at the lowest level. Crude oil is sold every barrel to 40 to 42 US dollars. But in the country's market, the fuel oil is being sold at a high price.When the price of fuel oil was above $ 100 per barrel in the international market, oil prices were being sold in the country's market keeping the prices still fixed.For more than a year, the Ministry of Finance has been recommending for the timing of fuel oil prices in the country's market. It has been said that all oil prices can be reduced by 10 to 20 percent. This will not cause any financial loss to Bangladesh Petroleum Corporation (BPC). Moreover, the rate of GDP growth in the country will increase due to the reduction in oil prices.At the same time, reducing the price of kerosene will help the poor people. The decrease of diesel prices will reduce the cost of agricultural production. But whoever hears, did not listen to the words Ministry of Energy and Mineral Resources, As a result, it is the lowest price in the world market, but the common man is buying oil in the country.

In March last year, the Ministry of Finance sent a summary report to the Finance Minister for analyzing various aspects of fuel oil. It is said that the price at which the fuel prices are being sold in the country's market has been fixed when the price of these oils was high in the world market.But now the price of fuel oil in the world market is very low. There is no possibility of an increase in prices of these oils in the future. Therefore, reducing the prices of all types of fuel oils in the country can be considered very reasonable. At this stage, octane and petrol prices can be reduced by 10 percent and other oils by 20 percent.

According to the Ministry of Finance's proposal, the price of one octane per liter is reduced from Tk 99 to 89 Taka 10 paisa, kerosene 68 to 54 paisa, diesel 68 to 54 rupees 40 paise, petrol 96 to 86.35 paisa.But the Ministry of Finance has said that jet fuel prices, which are considered as fuel for fuel, will be kept unchanged. Currently, the oil litter is sold at Tk 61 per liter.

The Ministry of Finance has shown that after deducting the price, the losses will be 27 takes 11 paise per acre, kerosene at 9 paise 11 paise, Jul 9 to 72 paisa, gasoline 23 rupees 90 paise and furnace oil will cost 14 takes 23 paise.

It has been commented on from the Ministry of Finance, it is no longer saying that if the internal fuel oil price is adjusted to the value of the international market, it will have a positive impact on the economy and its benefits will reach the common people of the country.

With the exception of the price of oil prices in the world market, without any exception, Bangladesh has adjusted or reduced fuel prices in almost all the countries of the world. When the oil price was $ 110 in the world market, that price was determined by the price of oil in the country's domestic market. Still, the price of oil is being sold in the country's market.

Asked about this, a finance department official said, we have recommended several points reduce fuel oil prices.

Even the Finance Minister himself made positive comments about this. But nothing worked. I still think that the price of fuel oil can be reduced by 10 to 20 percent.

On the other hand, sources in the Ministry of Energy said that there is no possibility of lowering prices.