In an unprecedented move, the government on Thursday raised the prices of all kinds of fuel – twice in 49 days – by Taka 5 per litre apparently in a bid to ease the balance of payment pressure which has been threatening macro-economic stability. Due to the decision made effective from Thursday midnight, the prices ... Read more
oil price hike
Fuel prices hiked
The government increased for the second time this year the prices of all fuel oils, including diesel, by Tk 5 per litre and that of furnace oil by Tk 8 a litre with effect from Sunday midnight under heavy pressure from the International Monetary Fund. The price of diesel and kerosene has been raised from ... Read more
Fuel oil price hike to add huge extra burden for people
The latest price hike of fuel oils will offer very little help to the government in reducing the subsidies on fuel oils but will put a huge additional burden on the people by raising the living cost. Experts said the businessmen would use the price hike for profiteering, although the hike was only nominal. Abu ... Read more