Petrobangla Proposes CNG Price Increase Amid Gas Supply Crisis
Petrobangla has submitted a proposal to the Energy and Mineral Resources Division to raise CNG prices for vehicles to Tk 65 and for power generation to Tk 25 per cubic metre. This comes in response to decreased gas supply and claims of reduced profits by CNG station owners.
Theia Market Signal Identification - AI Assisted
Petrobangla has proposed increasing the price of CNG for vehicles to Tk 65 per cubic metre, up from Tk 43, reflecting a 51% hike. The price for gas in power generation is suggested to rise to Tk 25 from Tk 15.50, a 61% increase.
The proposal arrives during a gas supply crisis caused by operational issues at the Moheshkhali LNG terminal, disrupting services and prompting long queues at CNG stations. Petrobangla reported a total financial deficit of Tk 165 billion for the fiscal year 2025-26, with rising costs linked to LNG imports. A formal application to change gas prices will be submitted to the Bangladesh Energy Regulatory Commission, which will conduct a review before any changes are implemented.
Comments