Wednesday , 18 July 2018
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Gas prices are being raised to destroy the industrial sector

B D Rahmatullah, Former Director General, Power Cell: Gas prices are being raised in order to destroy the industrial sector. Increasing gas prices is suicidal. Destroying the economy is a form of suicide. Is it not suicidal if I’m unable to eat, unable to wear my clothes, thanks to the government? The country’s economy is being destroyed. They are not the rulers of this nation; rather, I believe they are foreign saboteurs! They seek to leech wealth away from our people for their own gains however they can.
We have natural gas resources out in sea, which our government, instead of utilizing, has allowed Myanmar to take away from us. The price would obviously increase if these resources are not utilized. They are doing this for business, so that they can use rental power plants instead. The hike in gas prices is not sudden. It was all pre-planned.
Other than residential and commercial sectors, the hike in gas prices up to 30% in industry will have negative consequences throughout the sector. Only 11% is used in the residential sector, including in districts like Dhaka, Narayanganj, Brahmanbaria, Cumilla, Narsingdi, and Gazipur. Besides, there are several districts where the gas supply is not sufficient. They don’t care about the instability in gas prices. Their real headache is from the price hike in industrial sector because the price of electricity and fertilizers are also being raised.
Nearly 90% of natural gas is used in the production sector. If gas prices increase, the prices of every other goods will similarly rise. Stoves actually use very little gas. If the price of a stove is between Tk800-900, the effect of the price increase is negligible. Unfortunately, the same cannot be said for the increase in industrial, electrical and fertilizer production.
Based on an interview by Ashiq Rahman, translated by Abrar Hussain

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