Wednesday, 17th August, 2022
Wednesday, 17th August, 2022

BGMEA calls to readjust diesel price after fall in int’l market

In the wake of the fall in fuel oil prices in international market, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has called upon the government to readjust the prices.

Addressing a ‘Meet the Press’ at a hotel at Gulshan in the capital on Saturday, BGMEA president Faruque Hasan said the production cost of readymade apparels will increase by 5 per cent due to the recent diesel price hike by 23 per cent.

He said following the fuel oil price hike by the government, cost of goods transportation, electricity generation through generators, raw materials and accessories, and services has already increased. “If we take all these into account, the production cost of readymade garments will increase by 4 to 5 per cent. Fuel oil prices have already gone down in international market. So, we request the government to readjust the fuel oil prices.”

The ‘Meet the Press’ was hosted to apprise journalists about the outcome of a BGMEA delegation’s recent visit to Europe.

BGMEA vice president Miran Ali and garment factory owners were present at the Meet the Press.

The BGMEA president said no employment opportunities in the country’s readymade garment sector could be generated over the last two years due to Covid-19 pandemic. In such a situation, it has become imperative to make doing business easier and ensuring stability in policies so that the readymade garment industry can generate fresh employment opportunities attracting more investment.

“So, I call upon the government to readjust the fuel oil prices to create employment opportunities and make export sitaution stable,” he said.

The BGMEA president said the 37th conference of International Apparel Federation (IAF) will be held in Dhaka in November next year.

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