Bangladesh plans to privatise its state oil company, after controversially raising oil prices las...
Bangladesh Petroleum Corporation has said it made a loss of $US500 million (£311m) over the past three years by subsidising fuel.
Minister for Energy & Mineral Resources AKM Mosharraf Hossain said on the weekend that the sale of the company was necessary because of the losses.
Bangladesh also said it would introduce a floating oil price mechanism after the strong criticism of the rises.
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