Petrol and octane prices remain unchanged
Will we hear yet another "eggcellent" proposal to import dub in order to force the local market to lower their price?
Both global and local macro-challenges can have serious implications for the people of Bangladesh
Oil prices plunged about 5 per cent to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil.
Fuel oil prices will be reduced further in the country soon, Planning Minister MA Mannan said today.
The fuel price should have been left as it is instead of the Tk 5 cut per litre, which is unlikely to have any visible impact, said Tawfiq-e-Elahi Chowdhury, energy adviser to the prime minister.
The government yesterday trimmed fuel prices by Tk 5 per litre in line with the 11.25 percentage point slash in the import duty of diesel by the National Board of Revenue.
The government has decided to cut fuel prices by Tk 5 per litre, which will be effective from 1:00 am tomorrow (August 30, 2022).
Ride-sharing service users in Bangladesh could not escape from the impact of the recent fuel price increase as Pathao has already announced new fares while Uber is set to follow suit.
Thousands of commuters faced inconvenience as buses remain off the roads in the Chattogram city today (August 6, 2022), following a sudden strike by transport owners in protest against the fuel price hike.
Bangladesh Energy Regulatory Commission (BERC) has cut the prices of liquefied petroleum gas (LPG), sold by private companies.
Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world's biggest crude consumer.
Bus operators are reluctant to reduce fares despite a cut in fuel prices.
The government will cut the prices of fuel oil next week following a global downtrend in the petroleum market.
Bangladesh CNG Filling Station and Conversion Workshop Owners Association demand reduction of CNG price “to protect the CNG sector” while the government cuts down fuel prices.
Transport fares will be reduced by 1 paisa per kilometre if the government brings down fuel prices by Tk 1 per litre, road transport and bridges minister says.
Prices of fuel, particularly furnace oil is slated to be cut by Tk15 – 16 per litre within a week whereas other types including octane and diesel prices would be cut within a few months as per a government decision.