Top court clears second phase of gas price hike

PV Desk : The Supreme Court has cleared a hike in the price of gas in the second phase overriding a ban on it by the High Court.

On Monday, the Appellate Division bench led by Chief Justice Surendra Kumar Sinha upheld the stay on the High Court’s order.

On Feb 23, the Bangladesh Energy Regulatory Commission or BERC made a public announcement fixing monthly gas bills for one burner at Tk 750 and two burners at Tk 800 for households, effective from Mar 1.

The same notification said the prices will be hiked once again from Jun 1 to Tk 900 for one burner and Tk 950 for two burners.

Prices of compressed natural gas or CNG, used in motor vehicles, also rose to Tk 38 per cubic metre in March from Tk 35. The BERC said in the second phase it would be revised to Tk 40.