Is BPC in the red, really? | Fuel Price Hike in Bangladesh | The Business Standard

Описание: Global oil prices dropped to $94.12 a barrel on Thursday – their lowest levels since before the Russia-Ukraine war started in February. But the very next day, Bangladesh's consumers saw the highest rise in fuel prices in 20 years.

The energy ministry cited the loss – to the tune of Tk77 crore daily for the last six months – of the state's oil monopoly, Bangladesh Petroleum Corporation (BPC) as a key reason for hiking prices of fuel oils.

But BPC's financial health tells a different story.

The BPC is the only profit-making government agency that has made a profit to the tune of Tk48,000 crore over the last eight years by selling fuel to consumers at prices higher than in the global market.

Read more: https://www.tbsnews.net/bangladesh/en...

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