Bangladesh has raised the regulated consumer price of furnace oil by Tk11.92 a litre to Tk108.78, following a review of international oil prices, crude benchmarks and movements in the US dollar exchange rate.
The Bangladesh Energy Regulatory Commission (BERC) approved the new price on Wednesday following a proposal from the Bangladesh Petroleum Corporation (BPC) and state-owned oil marketing companies.
The revised price will take effect from noon on 30 September 2026 and remain in force until the next scheduled review, according to a BERC press notice.
Furnace oil was previously priced at Tk96.86 a litre. The latest increase reverses much of the decline recorded over the previous two months.
Under BERC’s pricing framework, furnace oil supplied by BPC and marketed through Padma Oil Company, Meghna Petroleum, Jamuna Oil and Standard Asiatic Oil is reviewed periodically in line with international market movements and related costs.
A committee reviewing the latest price considered the Platts benchmark for imported refined furnace oil, the September crude oil benchmark and changes in the US dollar exchange rate before making its recommendation.
The commission approved the Tk108.78-a-litre rate at a special meeting on Wednesday.
BERC had cut the furnace oil price for two consecutive months before the latest increase. On 30 June, the price was reduced from Tk113.54 to Tk109.10 a litre, before falling further to Tk96.86 over the following two months.
Bangladesh consumes around 2 million tonnes of furnace oil a year, much of it for electricity generation. The latest increase is therefore likely to raise fuel costs for oil-fired power plants and could add to operating costs across industries that rely on furnace oil.
The regulator was authorised by the government on 15 September to determine prices for furnace oil and Jet A-1 fuel. Following a public hearing in January, BERC set the furnace oil price for the first time on 22 February.