The Centre for Policy Dialogue (CPD) stated that fuel prices in Bangladesh could be reduced by Tk 10–15 per litre under a true market-based pricing model. Despite implementing an automatic pricing mechanism in March 2024 at the IMF’s request, the government still sets prices, failing to reflect international trends. Diesel and kerosene prices dropped by only Tk 1 per litre in January 2024, now selling at Tk 104 per litre, while octane (Tk 125) and petrol (Tk 121) remained unchanged. CPD researcher Helen Mashiyat Preoty criticized the pricing formulas of the Bangladesh Petroleum Corporation (BPC) and Bangladesh Energy Regulatory Commission (BERC), stating they shift extra costs to consumers. A CPD study found that the current price adjustments are inconsistent with market-based pricing. CPD suggests revising pricing formulas and empowering BERC to regulate prices effectively, ensuring fair fuel costs for consumers.
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