Industries of the country haven’t received any assurance yet of an uninterrupted supply of gas despite an abrupt price hike of the energy items, media reported.
Speaking to the media, Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said that the price has been hiked to such an extent that the production cost will surely increase.
But they haven’t received any assurance on the uninterrupted supply of gas though authorities said they will ensure supply.
Mohammad Ali Khokon, president of the Bangladesh Textile Mills Association (BTMA), also told the media that they still have not received assurances of an uninterrupted supply of gas despite the abrupt hike in gas prices.
The increase in gas prices will reduce the competitiveness of the country’s factories. The supply pressure of the gas has been low in the industry for a long time, further hike in the tariff is like double suffering, he added.
BGMEA Vice President Shahidullah Azim told the media that the assurances of uninterrupted gas supply are badly needed.
He also said that factories are already struggling due to the ongoing global economic crisis, so this was not the right time to hike gas prices.
Most factories are running at 60%-70% capacity due to low gas pressure and low orders. In this situation, the production in the factory will naturally decrease with increased gas prices, he added.
However, a senior official of the Bangladesh Energy Regulatory Commission (BERC) told the media that the government has increased the gas price out of necessity.
The main reason for the successive increase in the price of gas and electricity is the adjustment of government subsidies, the official added.
He also said that if they consider the price of gas in the global market, the problem of uninterrupted supply will remain.