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The cabinet on September 3 approved the amended Production Sharing Contract (PSC) of gas sector with changes, including increased price for the gas to be produced from the deep sea. However, there is apprehension over the chances of getting bid response at the fag end of the present government. Civil society group OGPC said the amendment went against the interest of the country and demanded cancellation of it. Petrobangla suggested increasing price for the gas before approving the amendment to the contract. But policymakers were against increasing the price. Experts, however, suggested that the IOCs would not take part in the bids at the gas price declared in the PSC. So there is already a dilemma for the government over increasing the price of gas. Although the cabinet okayed the amendment, there is still scope of reconsidering, if it is really needed. The government must scrutinize every aspects before going for such an important amendment. But national interest should be on top of everything. This is what the nation expects in the final days of this government.

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