The government has exempted the import of diesel from all advance taxes and also cut the import duty to 5 per cent, from existing 10 per cent, reports UNB.

The change was notified through a gazette notification issued by the National Board of Revenue on Sunday.

The NBR notification added that light and high speed diesel oils will get the new facilities.

Experts in industry and the transport sector believe that the new order came against the backdrop of the consistent demand from the politicians and business circles, as well as the common people, following the government’s hike of prices of all petroleum fuels. 

The government on August 5 announced the largest ever hikes in the price of fuel oils - ranging from 42- 52 per cent – with effect from August 6.

At the consumer level, the retail prices of diesel and kerosene went up to Tk114 per litre, up by a whopping 42.5 per cent from Tk 80/litre.

Bd-pratidin English/Tanvir Raihan