fuel-price

The capital’s market for daily essentials has become unstable again following the increase in fuel prices. Although the actual cost of wholesale and long-distance transportation has risen slightly, prices are increasing several times over in neighborhoods and retail markets. While the transportation cost of goods from wholesale markets and through long distance trucks rises by 20 to 30 paisha per kilogram, consumers are being charged an additional Tk 10 to Tk 30 for the same products by th...

A decision has been finalized to increase bus fares by 17 paisa per kilometer for both city and long-distance routes after fuel prices were raised by Tk 20 per liter. A source at the Road Transport and Highways Division confirmed to Agamir Somoy that a notification on the matter will be issued today, Tuesday. The Bangladesh Road Transport Authority (BRTA) held a meeting with the bus owners' association yesterday following the fuel price hike. At the meeting, the BRTA recommended increas...

The impact of the fuel price hike has also reached Chattogram Port. The Berth Operators Association has demanded an increase in the rates for container handling at the port’s general jetties due to the higher fuel prices. The operators handle 29 percent of container loading and unloading at six jetties of the port. The equipment used for container handling at the jetties runs on diesel. As a result, they are now facing difficulties due to the increase in diesel prices. If container handli...

The sharp increase of Tk 20 per liter in fuel prices will not only slow down transportation. Its impact will also hit households directly. As transportation costs rise, prices of essential commodities are also expected to increase. Diesel is widely used in the agricultural sector. The price hike will also affect irrigation pumps and agricultural machinery. As a result, crop production costs will increase. This will directly affect the retail prices of rice and other grains. Overall, econo...

Following the increase in fuel prices, the Bangladesh Road Transport Authority (BRTA) has taken an initiative to adjust bus fares. The agency has recommended increasing bus fares in metropolitan areas by 18 paisa per kilometer and long route bus fares by 20 paisa per kilometer. It has also recommended keeping the minimum fare unchanged at Tk 10 for buses and Tk 8 for minibuses. The recommendations were discussed at a meeting of the fare adjustment committee held at the BRTA office in Bana...

Finance and Planning Minister Amir Khasru Mahmud Chowdhury has stated that the increase in fuel prices has no connection with the International Monetary Fund (IMF). He made the remarks on Sunday while responding to a question during a conversation with journalists at the Finance Ministry in the...