The government has said it was forced to raise the prices of
four types of fuel due to an abnormal increase in fuel import costs caused by
global factors. It also cited the need to reduce pressure on foreign exchange
and lower the risk of fuel smuggling through the border.
Experts have also said the government had no alternative to
raising prices due to extreme volatility in the global fuel sector. However,
they said the increase could have been kept lower through some measures.
Alternati...
