Bangladesh Gas Price Hike Outrage: All You Need to Know

Bangladesh is witnessing a massive outrage over the proposed gas price hike especially in the industrial sector. The Bangladesh Energy Regulatory Commission held public hearings which ended up with protests from various parties. Key to the entire controversy was the proposed direct hike in price per gas for units meant for new industry and captive sector connections which were deemed widely “anti-people.”

The Consumers Association of Bangladesh (CAB) and other representatives expressed deep concern arguing that the hike would severely damage the nation’s economy. A human chain and loud protests voiced dissatisfaction with the BERC hearings. 

The business community apprehensively argues that price hikes would raise the cost of doing business to an uncompetitive position in the global market. The BERC now faces heavy pressure with warnings of even more protests if it goes ahead with the proposed gas price hike. 

The situation is still sensitive with the BERC left deciding whether to move forward amidst widespread public opposition.