Oil-price-hike

The AB Party (Amar Bangladesh Party) has termed the decision to hike fuel prices twice within seven months a reflection of the government's bankruptcy.Speaking at a press conference titled "Abnormal Fuel Price Hike: Impact on Public Interest and the Economy" at the party's central office in Vijayanagar, Dhaka, AB Party Chairman Mojibur Rahman Monju said that while international market conditions, Middle Eastern conflicts, and rising transportation and import costs are real, placing the entire bu...

The prices of fuel oil have increased on the international market. To adjust to the rising global prices, the government has raised the prices of all types of fuel oils in the domestic market. A notification to this effect was issued on Sunday night.Under the new prices, diesel has been increased from Tk 115 to Tk 135 per litre, octane from Tk 145 to Tk 165, petrol from Tk 140 to Tk 160, and kerosene from Tk 135 to Tk 155.According to the Energy Division, import costs have increased several time...

The Middle East war now surrounds two sea routes. On one side is Hormuz, and on the other, Bab al-Mandeb. Both are the heart of the global energy trade, and both are now facing uncertainty. The waves of these two crises are washing over the shores of import-dependent economies like Bangladesh. The longer the war drags on, the more prolonged the uncertainty in the global energy market will be. Experts believe that alongside managing reserves and seeking alternative sources in the short term, dive...