Minister for Power, Energy and Mineral Resources Iqbal Hasan Mahmud Tuku has said the government increased fuel prices only marginally despite a sharp rise in global oil prices.
Speaking to journalists on Sunday, the minister said the government had to spend an additional $2 billion on fuel imports due to instability in the international market.
“Global fuel prices have nearly doubled compared to pre-war levels, creating significant financial pressure on the government. However, considering public hardship, we have not increased prices proportionately,” he said.
He added that the government is trying to stabilize the market by providing subsidies and bearing the additional financial burden to ease public suffering and maintain economic stability.
From Sunday (19 April), new fuel prices have come into effect across the country.
Under the revised rates, petrol prices have been increased by Tk19 per litre, octane by Tk20, and diesel by Tk15 per litre.
As a result, the price of octane now stands at Tk140 per litre, petrol at Tk135, and diesel at Tk115. Kerosene prices have also been raised, with the retail price set at Tk130 per litre.
FP/MI
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