#Dhaka: After several months of continuous increase in fuel prices in India, the Bangladesh government has increased the fuel prices. The new prices are effective from today, Saturday. The retail price of diesel and kerosene is now Rs 114 per litre. According to UNB, according to the sources of energy department, octane has increased by 51.68 percent to Tk 135 per liter and petrol price has jumped by 51.16 percent to Tk 130. The price of diesel and kerosene was Rs 80 per liter till now, which was Rs 65 last October.

State Minister for Power, Energy and Mineral Resources Nasrul Hamid said, “The Awami League government always takes decisions thinking about the comfort and convenience of the people. As long as it was possible, the government did not think of increasing the price of fuel oil. However, in this situation, the government hiked fuel prices without finding any other option. In April 2016, the government had reduced the price of fuel. If the situation improves, the price will be revised accordingly.”

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According to a notification by the Ministry of Power, Energy and Mineral Resources, “Due to the rise in oil prices in the global market, several countries, including our neighbours, have regularly increased fuel prices. India has fixed the price of diesel per liter at Rs 92.76. Petrol was sold at Rs 106.03 per liter in Kolkata from May 22, which is still going on. Petrol and diesel prices in Bangladesh have stood at Tk 130.42 and Tk 114.09 respectively.”

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“Compared to Kolkata, Bangladesh earlier sold diesel at Tk 34.09 per liter and petrol at Tk 44.42. It was only a matter of time before the price hike,” the ministry said. “Note that Bangladesh Petroleum Corporation has incurred a loss of Tk 8,014.51 crore on fuel sales (all products) in the last six months (February 2022 to July 2022). At present, due to the situation in the international oil market, price hike has become imperative to maintain normal import activities,” the statement signed by Mir Mohammad Aslam Uddin, Deputy Chief Information Officer, Ministry of Power, Energy and Mineral Resources, said.

Published by:Madhurima Dutta

First published:

Tags: Bangladesh, Petrol diesel price hike

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