Dhaka, Feb. 24 -- A successive hike in gas tariffs, too, for all consumers but households over next three years is likely to phase out government subsidy under a reform recipe.

Economists say the raise-in sync with already-hinted hike in power price--would further add to people's cost of living pushed up by consumer price rises.

The Prime Minister's Office (PMO) recently approved a proposal prepared by the Finance Division under the Ministry of Finance for adjusting power and natural gas tariffs significantly, a senior finance official told the FE Saturday.

In line with the tariff-hike plan, state minister for the Ministry of Power, Energy and Mineral Resources Nasrul Hamid last week hinted at raising power tariffs with effect from Mar...