The Bangladesh Energy Regulatory Commission (BERC) has announced a Tk8.71 per litre cut in the price of furnace oil in Bangladesh. Under the new rate, furnace oil supplied by Bangladesh Petroleum Corporation (BPC) will cost Tk100.39 per litre, down from Tk109.10. BERC issued the related notification on Thursday, with the revised price taking effect from midnight on July 30.

BERC said the new price was set based on international furnace oil prices and the free-on-board, or FOB, price of imported crude oil. The notification did not provide further details on fuel supply, demand, or other factors behind the adjustment beyond those pricing references.

The revised rate will apply to the Bangladesh Power Development Board, public and private power plants, industrial factories, and other customers. BERC said the new price will remain in force until further instructions are issued. The announcement specifies the BPC-supplied furnace oil rate and identifies the customer groups covered by the change.