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Sunday, October 26, 2014, Kartik 11, 1421, Muharram 1, 1436 Hijr

BPC to seek enhanced subsidy for agriculture
Jannatul Ferdousy
Publish Date : 2014-10-26,  Publish Time : 00:00,  View Count : 9
The state-owned Bangla-desh Petroleum Corpora-tion (BPC) has decided at a meeting last week to request the government to enhance the amount of subsidy on diesel for agriculture. The meeting was chaired by State Minister for Energy Nasrul Hamid.
The BPC is calculating the quantity of diesel and the amount of subsidy required for the agriculture sector. A proposal in this regard will be submitted to  the Energy Division very soon.
The Energy Division will than seek the money from the Finance Division as subsidy for the vast sector, said an official who attended the meeting.
BPC Chairman Eunusur Rahman said, "We are drafting the proposal as per the instruction of the Ministry and we will submit it soon for approval."
The BPC is presently importing 32 lakh tonnes of diesel per year, of which about 13 lakh tonnes are being used for agriculture. In the Boro season 15 lakh diesel-fired pumps, which consume 12 lakh tonnes of diesel, are being used for irrigation across the country, while only 2.5 lakh pumps run on electricity, said an official.
Presently, irrigation has been given 20 per cent incentive for using electricity. A total of 1,700 MW of electricity is used during the Boro season with 20 per cent subsidy amounting to Tk 200 crore.

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