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Bangladesh power prices hiked by 2.97 pct, gas by 26.29 pct

Xinhua, August 27, 2015 Adjust font size:

Bangladesh has hiked retail power prices by 2.97 percent and gas prices by 26.29 percent, according to a press briefing on Thursday.

The increases have been approved by the Bangladesh Energy Regulatory Commission and decision was announced by its chairman AR Khan.

The retail price of electricity was raised after one year and that of gas after seven years in Bangladesh.

Experts say the markup in these two main utility prices will push up the nation's inflation rate which went up from June's 6.25 percent to 6.36 percent in July due to soaring non food costs. Endi