The government of Bangladesh has reduced the price of furnace oil used in power plants and heavy industries by Tk 15.90 per litre. Starting from midnight on Sunday, Bangladesh Petroleum Corporation (BPC) will sell furnace oil to public and private power plants, industrial units, and other customers at Tk 71.10 per litre, down from the previous rate of Tk 86. The new price was announced in a notice signed by Md. Nazrul Islam Sarkar, Secretary of the Bangladesh Energy Regulatory Commission (BERC).

According to BERC, the price revision followed a proposal submitted by BPC on 20 January 2025 to adjust the consumer-level price of heavy fuel oil (HFO). Meghna Petroleum, Standard Asiatic Oil, Jamuna Oil Company, and Padma Oil Company also submitted proposals to revise their marketing and transport charges. A public hearing on these proposals was held on 29 January. After detailed review and analysis, BERC redefined the consumer price, marketing charges, and integrated transport costs.

BERC stated that the marketing charge for the oil companies has been set at Tk 0.71 per litre and the integrated transport charge at Tk 1.20 per litre.