Dhaka, April 17 -- Bangladesh Investment Development Authority (BIDA) has urged the Bangladesh Energy Regulatory Commission (BERC) to revise the recently announced gas price hike, saying that otherwise, it would affect the economic momentum.

"The move could hurt the country's investment prospects and economic momentum," BIDA said in a letter to the BERC on Tuesday, reports BSS.

BERC recently announced a 33 per cent increase in gas prices for industries planning to get new connections or expand with additional gas consumption.

In the letter, BIDA Executive Chairman Chowdhury Ashik Mahmud Bin Harun said the newly fixed gas tariff discriminates against new investors, who will have to pay 33 per cent more than existing ones.

"This discrim...