Cabinet approves amendment to allow govt decide energy price, The Bangladesh Energy Regulatory Commission (Amendment) Ordinance 2022, which gives the government the authority to set fuel prices on its own in certain circumstances, received final approval from the Cabinet today. Prime Minister Sheikh Hasina presided over the Cabinet meeting at the Prime Minister’s Office (PMO), according to Cabinet Secretary Khandker Anwarul Islam, who briefed reporters at the Bangladesh Secretariat.
Cabinet approves amendment to allow govt decide energy price
He said the Bangladesh Energy Regulatory Commission (BERC) can wait for up to 90 days to review and take a decision on fixing tariff rates, which is lengthy process. The amendment is made to let the government set energy prices on an urgent basis in a situation like what prevails now without waiting for BERC’s decision, he added.
The cabinet secretary said the possibility of importing fuel and energy under private arrangement was also discussed in the meeting. The concerned authorities were also given directives to this end, he said. He said memorandum of understanding between Bangladesh and Brunei Darussalam on sending Bangladeshi workers has been approved in the cabinet retrospectively.
According to him, the cabinet also approved a draft bilateral aviation agreement between Bangladesh and Luxemburg. Anwarul Islam claimed that numerous conversations and films on the state of the banking industry have gone popular on social media. He claimed the concerned authorities have been requested to confirm the veracity of such items. He added that the Bangladesh Biman Act 2022 received final approval from the cabinet.
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