Dhaka, April 13 -- The government has formed a cabinet committee to prepare proposals for adjusting wholesale and retail electricity tariffs in response to the ongoing global energy situation and rising pressures in the sector.

The Cabinet Division announced the decision in a notification issued on Apr 9.

The committee has been formed at a time when the legal framework for determining electricity and energy prices has undergone multiple changes in recent years.

Finance Minister Amir Khosru Mahmud Chowdhury will lead the six-member committee, which also includes Power, Energy and Mineral Resources Minister Iqbal Hassan Mahmood Tuku, Commerce Minister Khandakar Abdul Muktadir, the secretary of the Finance Division, the secretary of the P...