Business leaders warn that the proposed gas price hike could cripple local industries, increase import dependence, and discourage investment. At a seminar organized by ERF and Policy Exchange Bangladesh, experts highlighted concerns over rising production costs, industrial closures, and financial instability.
Key concerns to be noted:
- A 150% gas price increase for new industries and 50% for expansions could make key sectors (steel, cement, and ceramics) uncompetitive.
- Higher energy costs may reduce foreign direct investment (FDI) and lead to non-performing loans.
- Past mismanagement of gas purchases and lack of gradual price adjustments have worsened the crisis.
- Experts urge rational energy pricing, renewable investments, and power grid stability to prevent further economic strain.
Comment here