Bangladesh, Oct. 7 -- The Bangladesh Chemical Industries Corporation (BCIC) has expressed concern that increasing gas prices for fertilizer production before finalizing the subsidy could lead to a fertilizer crisis.
Petrobangla (Bangladesh Oil, Gas and Mineral Corporation) has proposed increasing the gas price for fertilizer production from Tk 16 to Tk 40 per unit. The Bangladesh Energy Regulatory Commission (BERC) held a public hearing on this proposal on Monday.
At the hearing held at the BIAM auditorium in Dhaka, most participants opposed the price hike, arguing that raising the gas price for fertilizer production would increase agricultural production costs. The Consumers Association of Bangladesh (CAB) boycotted the hearing, accusing...