Raised license fees for petroleum transportation

Government has raised license fees and services charges after 18 years for transportation of petroleum products and oil depots in a bid to generate more revenue from non-tax sources.

The joint license fees for storage of petroleum products by importer and marketing company have been raised to Tk 7,000 from Tk 3,000 for storage of up to 250,000 liters.

The vehicles that carry petroleum products by road now need to pay Tk 800 for carrying every 5,000-liter instead of Tk 200. The ships that carry petroleum oil need to pay Tk 1,500 for every 400-tonne or less instead of the current Tk 500. An extra Tk 200 has to be paid for carrying every additional 100-tonne.

Besides, the test fee for an oil tanker to make it gas-free has been raised to Tk 300 from Tk 100.

An official of energy and mineral resources ministry said the NBR (National Board of Revenue) is yet to issue an SRO (statutory regulatory order) in this regard, although the finance adviser gave his consent in November in 2007.

9th February, 2008