The Centre for Policy Dialogue (CPD) introduced an Artificial Neural Network (ANN)-based model for fuel pricing on November 21, 2024, aimed at reducing costs by up to Tk 15 per litre through improved transparency, stopping pilferage, and adjusting taxes. The CPD study highlighted flaws in the automated pricing mechanism introduced in March 2024, citing lack of transparency and vulnerability to exchange-rate fluctuations. Researchers urged empowering the Bangladesh Energy Regulatory Commission (BERC) for cost-plus pricing, coupled with public hearings to ensure accountability and consumer trust.
CPD’s Research Director emphasized Bangladesh Petroleum Corporation’s (BPC) annual profits of Tk 130-140 billion, suggesting adjusting profit margins to benefit consumers and reduce electricity costs. Experts advocated revising gas and diesel prices to balance consumer interests and support key industries. BERC and government representatives confirmed ongoing efforts to enhance fuel storage and cut import costs, potentially lowering fuel prices in the coming months.
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