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On 1 January 2012, the Nigerian government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as US$0.88/litre from the old subsidised price of US$0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at US$1.25/litre.
Gas supplies meet 56% of Bangladesh's energy demand. [1] However, the country faces an acute energy crisis in meeting the demands of its vast and growing population. Bangladesh is a net importer of crude oil and petroleum products. [1] The energy sector is dominated by state-owned companies, including Petrobangla and the Bangladesh Petroleum ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 28 February 2025. Economy of Bangladesh Motijheel C/A, the downtown of Dhaka Currency Bangladeshi taka (BDT, ৳) Fiscal year 1 July – 30 June Trade organizations SAFTA, SAARC, BIMSTEC, WTO, AIIB, IMF, Commonwealth of Nations, World Bank, ADB, Developing-8 Country group Developing/Emerging Lower-middle ...
Data firm Experian Catalist said a litre of petrol cost an average of 180.7p on Tuesday.
Bangladesh Petroleum Corporation deposited 50 billion taka to the national treasury. [9] Bangladesh Petroleum Corporation decided to use private oil tanks to store oil as its own tanks were near full capacity in 2020. [10] This was the result of a 60 percent decline in sales following the lockdown during the COVID-19 pandemic in Bangladesh. [10]
Padma Oil Company Limited (POCL) is the largest and oldest oil company in Bangladesh, with its ancestor companies dating back to British-India's colonial period. Its ancestral enterprise, Burmah Oil Company, formerly Rangoon Oil Company in the British Empire, was established in the middle of the nineteenth century.
On 7 August 1975, the Government of Bangladesh bought the gas fields owned by Shell Oil Company. On 12 September 1975, the BGFCL was established to take over the operations of the gas fields. [ 5 ] It currently produces 725 million standard cubic feet of gas daily in Bangladesh. [ 6 ]
At least 95 people were killed and hundreds injured on Sunday in a police crackdown on protesters demanding the resignation of Bangladesh’s prime minister, marking the deadliest day of anti ...