Exporters assoc says utility price hike to affect exports

Exporters assoc says utility price hike to affect exports

0

Mentioning that export growth has reduced by 11.96 percent in the first two months of the current fiscal year, the Exporters Association of Bangladesh (EAB) on Saturday observed that the recent increase in gas and electricity prices will again put a question mark on the export sector’s performance.
The EAB came up with the observation through a press release signed by its president Abdus Salam Murshedy.
The association also urged the government not to increase the fuel price now to achieve export target and gaining export capacity.
The government has increased fuel price while the exporters are struggling to cope up with the devaluation of the Euro as well as continuous reduction of product prices by the buyers, said the press release.
It was mentioned in the statement that the oil price in international market reduced to $39 from $114 and the contesting country like China, India, Vietnam, Philippine, Cambodia, Indonesia and Malaysia reduced oil price several times.
Meanwhile, China, India, Pakistan, Indonesia, Malaysia devalued their currency against dollar whereas Bangladesh overvalued Taka against Dollar, it added.
The government on last Thursday increased price of gas by 26.29 percent and electricity by 2.93 percent.- News Desk

Share.

Comments are closed.