The Bangladesh Energy Regulatory Commission (BERC) has announced a sharp increase in the price of furnace oil supplied by the Bangladesh Petroleum Corporation (BPC), raising the rate by Tk24.59 per litre effective from Sunday midnight.
Under the new pricing structure, the consumer price of furnace oil has been revised from Tk70.10 per litre to Tk94.69 per litre, according to an official notification issued on Sunday.
BERC said the adjustment was made in line with international market movements, citing the ongoing conflict in the Middle East as a key factor behind the price hike.
The commission stated that the revised rate was determined based on the average furnace oil plate prices published between 1 March and 12 April 2026, as well as the FOB price of imported crude oil in February 2026. The decision was taken under Sections 22(b) and 34 of the Bangladesh Energy Regulatory Commission Act, 2003.
Furnace oil is widely used in Bangladesh’s power and industrial sectors, particularly by the Bangladesh Power Development Board (BPDB) and both public and private power plants. It is also an important input for various manufacturing industries and commercial users.
Energy analysts warn that the price hike could increase electricity generation costs and raise production expenses in industries, potentially adding pressure on inflation as higher input costs are passed on to consumers.
The fuel market has been volatile due to disruptions in global supply chains, especially restrictions in key shipping routes in the Middle East such as the Strait of Hormuz, which has affected oil transportation and pushed up global prices.
As Bangladesh relies heavily on imported petroleum products, it remains vulnerable to international price fluctuations.
BERC said fuel prices will continue to be reviewed regularly in line with global trends and import costs.
