Fall in gas supply hurts industries

Gas for cooking

The government’s failure to improve energy supply has been hurting the industries.

There has been no improvement in supply of gas to the industries, said the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) president M Jashim Uddin.

He advised the government to import Liquefied Natural Gas (LNG) from the international spot market, even at high prices, to ensure uninterrupted supply of gas to the industries.

He also advised for rolling back 47 per cent duty on LNG imports  and 27 per cent on diesel imports to make them cheaper to the industries.

‘If necessary, we will pay the additional import cost of LNG and diesel,’ he said.

LNG price at the international spot market per unit has cross $35 due the Russia-Ukraine war.

Before the war its price per unit was $5.

The FBCCI president opposed the idea of diverting gas supply from fertiliser factories to the industries.

He is in favour of snapping illegal gas connections.

FBCCI’s proposal for rationing electricity supply has turned into load load-shedding, said Jashim.

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