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Fuel price cut will be positive

Friday, 30 December 2016


WE were happy to know that the government is planning to cut down the fuel prices in the early part of 2017. This is a welcome move for the government as we were asking for it due to decline in world fuel price.  Surely it will be a New Year bonus for the common people. Prices of fuel has decreased dramatically for last few years and compared to that the government has not revised the price.  
I believe the price should have a system to adjust the fuel prices after every six months so that there is a  consistency with the international market. Now the government is getting good leverage by selling fuel at high prices. Fuel price has now become a cushion for the government exchequer. We observed over the years that once the price of a commodity is raised, it does not go down even if the cost price of the commodity declines. I hope 2017 will be a year when we shall see a steady kitchen market and a steady growth in all sectors of the economy. 
Mohiuddin
Mirpur-10, Dhaka