The Bangladesh Petroleum Corporation incurred losses of approximately Tk 17,039 crore between March and June 11 due to soaring international fuel prices linked to the ongoing conflict involving Iran, the United States and Israel, energy minister Iqbal Hasan Mahmood informed the Jatiya Sangsad recently.
The minister disclosed the information in a written reply to a question from lawmaker Muhammad Abdul Khaleq, which was tabled during the parliament’s question-and-answer session.
Responding to a query about the country’s fuel reserves and the possibility of reducing domestic fuel prices, the minister said that the government had refrained from passing the full impact of international price increases on to consumers in the public interest.
He said that if global fuel prices fell to a tolerable level in the future, the government would consider reducing fuel prices in the domestic market.
The minister said that, as of June 1, Bangladesh’s remaining recoverable natural gas reserves stood at 7.63 trillion cubic feet.
