Govt to slash fuel price when it goes down globally: Nasrul Hamid

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has urged all to be patient for a couple of months terming the current energy and gas crisis as temporary.

“I can assure you, if and when the prices of petroleum and gas decline in the world market, we will definitely readjust the local price accordingly”, he told a seminar at Biduyt Bhaban in the city on Sunday.

“We’re watching the situation closely. Please, be patient for 1-2 months and get united to face the situation. The government will come out of the load shedding by the end of the next month”, he said.

He claimed the government was forced to raise the petroleum fuel prices due to the Russia-Ukraine war situation that pushed up the price in the global market.

“The effect of the war is everywhere and we’re not out of it”, he said adding,

Forum for Energy Reporters Bangladesh (FERB) and US-based gas company Chevron jointly organised the seminar titled: “Energy Security in Bangladesh: Volatile International Market” on the occasion of National Energy Security Day.

With FERB president Shamim Jahangir in the chair, the event was also addressed by senior secretary of the Energy Division Mahbub Hossain, Petrobangla chairman Nazmul Ahsan, eminent energy experts Prof Badrul Imam and Prof M Shamsul Alam. Energy&Power magazine editor Mollah Amzad Hossain made a keynote presentation.