Bangladesh to hike retail power prices by up to Tk 0.70 in MarchThe government is set to raise electricity prices at the retail level a year after the last hike in a bid to offset mounting subsidy bills amid the taka’s devaluation against the dollar. Power prices will rise by Tk 0.34-0.70 per unit and the new rates will be effective from the March billing, according to State Minister for Power, Energy, and Mineral Resources Nasrul Hamid. Power prices were raised for the last time in March 2023 by 5 percent as part of a routine readjustment. The weighted average of electricity price stood at Tk 8.24 per unit after that hike. Hamid defended the move to hike gas and electricity prices.

Source: bd News24 February 27, 2024 14:09 UTC