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Defending the current fuel price hike of about 46 percent on an average, he said Bangladesh is not the only country to do so. Even countries like the US have increased the price. He also said new innovative solutions like solar-run fast charging stations for three-wheelers should be introduced to shift a load of electricity to bring rationality to the system.

Energy expert Prof M Tamim said the price of petroleum has already come down in the US to $3 from $5 per gallon. One US gallon is equivalent to about four litres. He said the government should have decreased the fuel price much earlier when the price had decreased in the global market.

“There should be a specific policy that if the price decreases, the profit should be preserved as a special fund and that should be utilised for petroleum import when the price goes up,” he said.

Former principal secretary to the PM and president of BES Abul Kalam Azad presided over the event conducted by Energy and Power magazine Editor Mollah Amzad Hossain.