Prices of essentials rise ahead of Ramadan
Dishonest traders, syndicates to blame
Price hike of essential commodities ahead of Ramadan is a common phenomenon in Bangladesh. Photo: Star/file
Prices of many essential commodities, such as edible oil, chickpeas and sugar, have gone up at both retail and wholesale markets across Chattogram despite a rise in imports in the past three months.
The development comes about two months ahead of the fasting month of Ramadan, when demand for these consumer goods goes up to a large extent.
Price hikes ahead of Ramadan are a common phenomenon, according to Najer Hossain, vice president of the Consumer Association of Bangladesh (CAB).
Power Generation: Overcapacity a new headache
Rose to 60pc last year amid fall in electricity demand during pandemic; experts warn of financial risks for govt
As much as 60 percent of the country s power generation capacity remained unutilised in 2020 because of a lack of demand for electricity.
The growing overcapacity has significant financial implications for the government and might affect the costs of electricity, experts said.
The unused capacity was 57 percent in 2019, said a report by the Institute for Energy Economics and Financial Analysis (IEEFA) released on Wednesday.
The power generation against capacity was 45 percent in fiscal year 2017-18 and around 48 percent the year before, according to Bangladesh Power Development Board (BPDB) data.
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