The New Nation - Internet Edition

Staff Reporter

The government is likely to reduce the diesel price within this month, a senior official of the Energy Ministry told the New Nation yesterday.

Energy Division Secretary Mohammed Mohsin yesterday said that the Energy Ministry held discussion with the Finance Ministry and Energy Regulatory Commission on this reduction of diesel price.

"We shall be able to slash diesel price after getting approval from the Finance Ministry," he said adding, "Declaration on reduction of diesel price might come month."

He, however, did not mention what will be price of diesel after readjustment.

The government in its first Cabinet meeting on January 7 decided to reduce price of diesel in the current Boro irrigation season.

Following the Cabinet decision, the Energy Division asked the Bangladesh Petroleum Corporation (BPC) to readjust the diesel price inline with recent trend on the international market.

The recent caretaker government reduced fuel price twice. After latest price adjustment, diesel and kerosene prices came down to Tk 46 per litre on the local market.