Bizdata Insights Main Logo

Titas Gas Seeks Residential Gas Price Hike Amid Energy Shortage

Industry: Energy & Power, LNG
Company Intelligence Tag: Regulatory Insights

Titas Gas Transmission and Distribution Company has asked for an increase in the price of residential gas amid ongoing energy shortages, despite inflation already putting pressure on consumers. In a letter to Bangladesh Energy Regulatory Commission, Titas proposed raising gas prices for a single burner stove from Tk990 to Tk1,379 and for a double burner stove from Tk1,080 to Tk1,591. The company argues that non-metered residential gas users are using more gas than the limit set by the BERC, with some experts supporting the claim. However, the Consumers Association of Bangladesh senior VP called the demand absurd, claiming that it aims to raise gas prices to legitimise corruption and gas theft.

Source for more details:

Related News

Intraco Refueling Leads Turnover Chart as Gas Shipping Plans Take Shape

June 5, 2023

Intraco Refueling Station Limited took the top spot on the turnover chart as it prepares to transport gas from Bhola to Dhaka. The company recorded a turnover value of Tk59.34 crore, followed by Meghna Life Insurance at Tk42.73 crore and Sea Pearl Beach Resorts at Tk37.24 crore, according to data from the Dhaka Stock Exchange (DSE).

Energy Crisis Worsens Amid Dollar Shortage and Policy Missteps

June 5, 2023

Bangladesh, known for achieving nationwide power coverage, is now grappling with a severe power crisis. The country, which celebrated its milestone of bringing electricity to all corners just last year(2022), is experiencing an unprecedented load shedding of around 2,500 megawatts

Private Initiative Sets Up First Floating Solar Power Plant in Chapainawabganj

June 4, 2023

A private initiative has successfully established the country's first floating solar power plant in Chapainawabganj Sadar. The power plant, located within a factory's pond, aims to generate electricity while also supporting fish farming. The project, funded by Jools Power Limited, has connected the generated electricity to the national grid.

Industrial production has halved due to energy crisis

June 4, 2023

The ongoing gas and electricity crisis in the country is causing significant disruptions in all types of industrial production, including cement, steel, ceramics, oil refining, sugar refining, garment manufacturing, and car assembly.

Prices falling globally but not locally

June 4, 2023

According to the Bangladesh Trade and Tariff Commission (BTTC), the price of crude soybean oil in Argentina has experienced a significant decline in the global market. On May 31, it was recorded at 847 US dollars per ton, compared to 1,970 dollars one year ago, indicating a decrease of approximately 57 percent. However, this decline in prices has not translated into benefits for consumers within the country.

Subsidy-Incentive Spending Soars Fourfold Over Five Years

June 4, 2023

The government of Bangladesh has witnessed a significant increase in subsidies and incentives provided to various sectors over the past five years, with expenditure quadrupling during this period. However, the calculation and disclosure of these subsidies have raised concerns among industry experts.

Related News

Intraco Refueling Leads Turnover Chart as Gas Shipping Plans Take Shape

June 5, 2023

Intraco Refueling Station Limited took the top spot on the turnover chart as it prepares to transport gas from Bhola to Dhaka. The company recorded a turnover value of Tk59.34 crore, followed by Meghna Life Insurance at Tk42.73 crore and Sea Pearl Beach Resorts at Tk37.24 crore, according to data from the Dhaka Stock Exchange (DSE).

Energy Crisis Worsens Amid Dollar Shortage and Policy Missteps

June 5, 2023

Bangladesh, known for achieving nationwide power coverage, is now grappling with a severe power crisis. The country, which celebrated its milestone of bringing electricity to all corners just last year(2022), is experiencing an unprecedented load shedding of around 2,500 megawatts

Private Initiative Sets Up First Floating Solar Power Plant in Chapainawabganj

June 4, 2023

A private initiative has successfully established the country's first floating solar power plant in Chapainawabganj Sadar. The power plant, located within a factory's pond, aims to generate electricity while also supporting fish farming. The project, funded by Jools Power Limited, has connected the generated electricity to the national grid.

Industrial production has halved due to energy crisis

June 4, 2023

The ongoing gas and electricity crisis in the country is causing significant disruptions in all types of industrial production, including cement, steel, ceramics, oil refining, sugar refining, garment manufacturing, and car assembly.

Prices falling globally but not locally

June 4, 2023

According to the Bangladesh Trade and Tariff Commission (BTTC), the price of crude soybean oil in Argentina has experienced a significant decline in the global market. On May 31, it was recorded at 847 US dollars per ton, compared to 1,970 dollars one year ago, indicating a decrease of approximately 57 percent. However, this decline in prices has not translated into benefits for consumers within the country.

Subsidy-Incentive Spending Soars Fourfold Over Five Years

June 4, 2023

The government of Bangladesh has witnessed a significant increase in subsidies and incentives provided to various sectors over the past five years, with expenditure quadrupling during this period. However, the calculation and disclosure of these subsidies have raised concerns among industry experts.

Shopping cart

0
image/svg+xml

No products in the cart.

Continue Shopping

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here