Twitter headlines« Indiana Enacts Biofuel Bill | Main | More on Bartlett and Peak Oil »
Bangladesh Considering Tax Breaks on Imported CNG Engines and Vehicles
3 April 2005
Xinhua. The Bangladeshi government is considering allowing the tax-free import of Compressed Natural Gas (CNG)-driven engines and vehicles to accelerate conversion and usage.
Sources from the Energy Ministry said tax-free import of the CNG-driven engines and vehicles if allowed will save huge foreign currency, for it will alleviate the country’s dependence on imported petroleum with soaring prices.
The government imports diesel currently worth some $450 million annually, and then spends an additional $1.18 billion to subsidize the end urchase. Bangladesh imports diesel at a cost of 28 taka (about $0.46 but sells the same at 23 taka ($0.38 dollar).
Black marketers smuggle large amounts of diesel from Balgadesh into Indian as the market price of diesel is higher there at 34 taka ($0.56 dollar) per liter.
April 3, 2005 in Natural Gas, Policy | Permalink | Comments (1) | TrackBack (0)
Comments
Posted by: bd | April 05, 2005 at 09:24 AM
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4fbe53ef00d8343e44ed53ef
Listed below are links to weblogs that reference Bangladesh Considering Tax Breaks on Imported CNG Engines and Vehicles:
So where are they getting the CNG from, if they don't have petroleum fields? Do they plan to tap garbage dumps for methane, or what other sort of source do they have in the country?