President of Federation of Bangladesh Chambers of
Commerce and Industries (FBCCI) Jashim Uddin today said that the new tariff
rate of gas is rational.

He thanked Prime Minister Sheikh Hasina for keeping gas prices rational amid
the global turmoil caused by the Ukraine-Russia War and the rising trend of
LNG price, said a press release.

Earlier, the distribution companies proposed for more than 100 percent of
price hike, while the new tariff rate for captive power has been increased by
15.5 percent, large scale industry by 11.96 per cent and medium industry by
10 per cent.

In contrast, small and cottage industries will pay almost 37 percent lower
tariff than current price.

The price of gas in the power sector has been increased by 12.81 percent per
cubic meter.

It is also expected that the public transport fare will remain the same as
the CNG tariff is kept unchanged.

The FBCCI believes that the new rates have been set taking into consideration
the capabilities of all types of industries in the country, national and
international perspective.

The FBCCI president believes that Prime Minister Sheikh Hasina’s far-sighted
decision regarding gas tariff will further accelerate the country’s
industrialization and economic growth.

Jasim called upon the distribution companies to ensure uninterrupted gas
supply to keep the factory production persistent.