2024-06-20 18:17:24
Bangladesh Petroleum Company (BPC) has made a revenue of 57 thousand 387 crore 68 lakh taka within the final 9 years by promoting gasoline oil.
BPC has raised oil costs twice up to now two months on the recommendation of the Worldwide Financial Fund (IMF) within the title of ‘coordination’. Economists say that the worth inflation within the nation is just not lowering primarily because of the improve within the value of oil and electrical energy.
This image of BPC’s revenue has been offered within the ‘Financial Survey-2024’ printed by the Ministry of Finance. Statistics present that BPC has made enormous earnings from oil gross sales in all 10 monetary years from 2014-2015 to 2023-2024 monetary 12 months besides 2021-2022 monetary 12 months. For instance, within the monetary 12 months 2014-2015, the revenue of BPC was 4 thousand 126 crores. Within the monetary 12 months 2015-2016, the revenue quantity was 9 thousand 40 crores. Equally, in 2016-2017 and 2017-2018 monetary years, the revenue quantity was 8 thousand 653 crore 40 lakh taka and 5 thousand 644 crore 37 lakh taka respectively. 4 thousand 768 crore 42 lakh taka in 2018-2019. 5 thousand 66 crore 54 lakh taka in 2019-2020.
Equally, within the fiscal 12 months 2020-2021, BPC has made a most revenue of Tk 9,559,450,000. Within the following fiscal 12 months alone, the corporate made a lack of 1 thousand 983 crore 39 lakh taka. However in 2022-2023, BPC returns to revenue once more. This 12 months the revenue was 5 thousand 653 crore 95 lakh taka. Within the present 12 months 2023-2024, the revenue of BPC has been estimated at 4 thousand 875 crores and 40 lakhs.
Sources from the Finance Division mentioned that since November 2014, the worth of oil within the worldwide market has decreased, and BPC is not receiving authorities subsidies. Nevertheless, within the fiscal 12 months 2021-2022, because of the international scenario brought on by the Ukraine-Russia battle, the worth of gasoline oil elevated within the worldwide market.
It needs to be famous that the demand of gasoline oil within the nation is 65 million tons yearly. One other 73 % of that is met by diesel. Nearly all the diesel is imported from overseas. However greater than half of the octane demand and nearly all the petrol is produced domestically. Due to this fact, many individuals have known as the rise within the costs of those two merchandise produced within the nation as unreasonable and unfair. Consultants say the federal government levies 30 to 32 % VAT and tax on every liter of gasoline oil. Due to this fact, within the present actuality, it may be diminished additional with out rising the worth of gasoline oil within the nation. Because of this the customers will get slightly financial savings, in addition to the inflation fee will come down within the nation.
It’s recognized that inflation within the nation has been above 9 % for the final 9 months. Alternatively, meals inflation has crossed 10 %.