State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Wednesday said that the government does not directly give any subsidy to fuel oil.
In reply to a tabled question from AL MP Haji Selim, the state minister said the Bangladesh Petroleum Corporation (BPC) incurred a loss of about Tk 2705 crore in 2021-22 fiscal year, following increasing of prices of all types of fuel oil due to the Ukraine-Russia war, even after the government adjusted the prices.
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The BPC incurred this loss from its earlier profits without taking any subsidy from the government, he added.
The state minister said that due to the ongoing Russia-Ukraine war, there is a risk of loss of the BPC in 2022-23 financial year as well. The BPC has not received any subsidy from the government in this financial year either, and it is bearing the losses from its previous profits.
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In response to the question of AL MP elected from Chattogram M Abdul Latif, Nasrul said that seven foreign companies have invested $3,483.59 million in Bangladesh in the last 14 years for the development of the gas sector.