Kerosene and diesel will no longer cost the same, as per a new fuel pricing formula introduced by the Energy and Mineral Resources Division recently.
As per the formula, Bangladesh Petroleum Corporation's (BPC) administrative costs and Eastern Refinery's fuel processing costs have been kept "variable", which may slightly increase prices in the future, according to officials.
Earlier, the costs were fixed at Tk 1.06 and Tk 1.53, respectively, whereas from now, those would be calculated based on the actual cost incurred.
In addition, the government has imposed a 15 percent VAT on the fuel handling commission at jetties and increased the financial charge to 13.25 percent from 9 percent, which may also impact prices of key fuels—octane, petrol, kerosene, and diesel.
The ousted Awami League government had introduced an automated pricing formula in March 2024 and the interim government followed it till last month.
Currently, the price of diesel and kerosene is Tk 104 per litre, while octane Tk 125 and petrol Tk 121.
As per the new formula, kerosene would cost Tk 117, if other variables remain the same.
