Monday, September 01, 2008

Oil: Bangladesh cuts government fuel bill

The Bangladesh government has slashed the fuel bill of its ministries and divisions by ten percent in the wake of the escalating cost oil imports.

The Financial Express reported the finance ministry announced the decision in a notification, which also made it mandatory to convert newly procured oil-run cars into gas-run ones as gas price is lower in the country.

The finance ministry said the move would increase energy efficiency and was part of austerity measures that would keep public expenses under tight leash.

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Published by Mike Hitchen, Mike Hitchen Consulting