New industrial and captive gas consumers will have to pay about 33 percent more than the current rates.

From now on, new industrial connections will be charged Tk 40 per cubic metre, compared to Tk 30 for existing rates.

Similarly, new captive users will have to pay Tk 42 per cubic metre, whereas existing ones are charged Tk 31.5.

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Gas price hike to cripple local industry, businesses warn

Captive gas consumers are entities that have their own gas-powered generating plants to produce electricity primarily for their own use.

Bangladesh Energy Regulatory Commission Chairman Jalal Ahmed announced the new rates at a press conference at the commission's office today in the capital. 

In addition, existing consumers who use gas beyond their sanctioned load will have to pay the new tariff for the excess consumption.

Moreover, those who have received primary approval for new connections will have to pay 50 percent of their bills at the existing rate for their sanctioned load, and the remaining at the new rate.

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