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BPC profit surges on falling global oil prices
Profits by the state-owned Bangladesh Petroleum Corporation have continued to increase on the back of falling prices of petroleum fuel oils on the global market...
www.newagebd.net
BPC profit surges on falling global oil prices
Downward revisions needed to push down inflation: experts
Shakahwat Hossain 28 December, 2025, 00:40
Profits by the state-owned Bangladesh Petroleum Corporation have continued to increase on the back of falling prices of petroleum fuel oils on the global market.
But the consumers have been deprived of the falling import prices as the BPC, the lone marketing entity of fuel oils, has kept the domestic prices of the petroleum items at the elevated levels.
Energy Division officials revealed that the BPC had made a net profit of Tk 4,216 crore in the 2024- 25 financial year when the crude oil sold at $70 per barrel on average.
The BPC’s profit in FY25 grew more than 9 per cent over the net profit of Tk 3,943 crore in FY24, taking its overall profits to around Tk 64,000 crore in the past 11 years.
Energy officials said that the BPC’s average monthly profit of Tk 350 crore in FY25 grew further to around TK 400 crore in the first five months of the current FY26 as the average prices of crude oils had dropped below $60 per barrel.
On December 1, 2025, the BPC increased the prices of all categories of fuel by Tk 2 per litre.
Diesel is now selling at Tk 104, octane at Tk 124, petrol at Tk 120 and kerosene at Tk 116.
The previous price of each litre of diesel at Tk 102, octane at Tk 122, petrol at Tk 118 and kerosene at Tk 114 -- fixed on June 1 -- was kept unchanged by the BPC in its periodical review made in August 1, 2025 in line with the automatic price adjustment formula.
Introduced in February, 2024 to appease the International Monetary Fund, the price adjustment formula has blocked the scope for public hearing for price hike or decrease of fuel oils.
Consumer Association of Bangladesh energy adviser M Shamsul Alam criticised the present interim government for treating the BPC as a profit-making entity like the previous autocratic Awami League regime used to do.
Extreme unfairness has been going on in fixing the fuel oil prices, he said.
According to the Commodity Markets Outlook released by the World Bank in October 2025, the global oil glut has expanded significantly in 2025 and is expected to rise next year to 65 per cent above the most recent high -- in 2020.
Brent crude oil prices are forecast to fall from an average of $68 in 2025 to $60 in 2026 — a five-year low while the overall energy prices are forecast to fall by 12 per cent in 2025 and a further 10 per cent in 2026, added the WB report.
Policy Exchange Bangladesh chair M Masrur Reaz said that the interim government had failed to uphold its commitments to reflect international market prices in the domestic fuel oil prices.
The government should review the prices with no major price-hike forecast of petroleum products in the next year, he said.
Downward revisions of fuel oils will bring positive impacts across the board, he observed.
Majority people who have been struggling to maintain their daily expenditures amid high inflation over the past three years will get relief with the downward adjustment of fuel oil items, he further said.
On August 2022, a record 50 per cent hike in the prices of fuel oil items pushed up inflation in country.
Former World Bank Dhaka office chief economist Zahid Hussain said that the pressure on the fiscal side was always slim when prices of crude petroleum oils stay below $60 dollar per barrel.
Downward revisions needed to push down inflation: experts
Shakahwat Hossain 28 December, 2025, 00:40
Profits by the state-owned Bangladesh Petroleum Corporation have continued to increase on the back of falling prices of petroleum fuel oils on the global market.
But the consumers have been deprived of the falling import prices as the BPC, the lone marketing entity of fuel oils, has kept the domestic prices of the petroleum items at the elevated levels.
Energy Division officials revealed that the BPC had made a net profit of Tk 4,216 crore in the 2024- 25 financial year when the crude oil sold at $70 per barrel on average.
The BPC’s profit in FY25 grew more than 9 per cent over the net profit of Tk 3,943 crore in FY24, taking its overall profits to around Tk 64,000 crore in the past 11 years.
Energy officials said that the BPC’s average monthly profit of Tk 350 crore in FY25 grew further to around TK 400 crore in the first five months of the current FY26 as the average prices of crude oils had dropped below $60 per barrel.
On December 1, 2025, the BPC increased the prices of all categories of fuel by Tk 2 per litre.
Diesel is now selling at Tk 104, octane at Tk 124, petrol at Tk 120 and kerosene at Tk 116.
The previous price of each litre of diesel at Tk 102, octane at Tk 122, petrol at Tk 118 and kerosene at Tk 114 -- fixed on June 1 -- was kept unchanged by the BPC in its periodical review made in August 1, 2025 in line with the automatic price adjustment formula.
Introduced in February, 2024 to appease the International Monetary Fund, the price adjustment formula has blocked the scope for public hearing for price hike or decrease of fuel oils.
Consumer Association of Bangladesh energy adviser M Shamsul Alam criticised the present interim government for treating the BPC as a profit-making entity like the previous autocratic Awami League regime used to do.
Extreme unfairness has been going on in fixing the fuel oil prices, he said.
According to the Commodity Markets Outlook released by the World Bank in October 2025, the global oil glut has expanded significantly in 2025 and is expected to rise next year to 65 per cent above the most recent high -- in 2020.
Brent crude oil prices are forecast to fall from an average of $68 in 2025 to $60 in 2026 — a five-year low while the overall energy prices are forecast to fall by 12 per cent in 2025 and a further 10 per cent in 2026, added the WB report.
Policy Exchange Bangladesh chair M Masrur Reaz said that the interim government had failed to uphold its commitments to reflect international market prices in the domestic fuel oil prices.
The government should review the prices with no major price-hike forecast of petroleum products in the next year, he said.
Downward revisions of fuel oils will bring positive impacts across the board, he observed.
Majority people who have been struggling to maintain their daily expenditures amid high inflation over the past three years will get relief with the downward adjustment of fuel oil items, he further said.
On August 2022, a record 50 per cent hike in the prices of fuel oil items pushed up inflation in country.
Former World Bank Dhaka office chief economist Zahid Hussain said that the pressure on the fiscal side was always slim when prices of crude petroleum oils stay below $60 dollar per barrel.
