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“We the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI), Bangladesh Textile Mills Association (BTMA), Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) had sat collectively and calculated {that a} hike to Tk 25 per cubic meter with uninterrupted gasoline provide to industries could be helpful to us,” FBCCI senior vice- president Mostofa Azad Chowdhury Babu instructed the FE after the information broke.
“But the higher-than-expected hike would possibly cut back export and foreign-currency earnings,” he stated.
Manufacturing prices in gas-guzzling industries will shoot up with the tariff hike, he feared.
Commoners will likely be beneath stress and strained, as the results.
The FBCCI chief, nonetheless, thanked the federal government for preserving the gasoline tariffs for family customers, CNG, tea estates and fertilizer factories unchanged.
Mr Babu hopes the federal government would cut back pure gasoline tariffs when its price within the worldwide market comes down.
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