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Bangladesh to slash fuel prices, increase electricity tariff

Xinhua, November 18, 2016 Adjust font size:

Bangladeshi Finance Minister AMA Muhith Thursday said the government will soon slash fuel oil prices and increase electricity tariff.

"We've decided in principle to reduce fuel oil prices. Steps are underway to increase electricity tariff."

The minister, however, said tariff adjustment of electricity will only be considered after deciding on the fuel price cut.

The Bangladeshi government in April slashed the furnace oil price from 60 taka a liter to 42 taka a liter.

The prices of diesel and kerosene were also then brought down by 3 taka a liter, and octane and petrol by 10 taka. (1 U.S. dollar equals 79 taka) Enditem