fuel price hike

Budget Subsidies: Big chunks go to power, fertiliser

The allocation for subsidies in agriculture, food, and power will be raised considerably in the next budget, with an aim to ease inflationary pressure on people.

Oil prices jump after oil powers' announcement of output cut

Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in US price data had boosted market optimism.

State-run oil companies see higher profits

While most listed companies struggled to raise profits in the first half of 2022-23 owing to higher petroleum prices, listed state-run oil companies in Bangladesh saw a staggering double-digit growth in earnings.

Fuel price hike could have been avoided: Wahiduddin Mahmud

Bangladesh would hardly have needed to go for a sudden hike in fuel prices last year had the government waived value added tax (VAT) on petroleum, Eminent Economist Wahiduddin Mahmud said today.

A roller-coaster year comes to an end

Let us forge ahead with the lessons taught by 2022

How did 2022 go for Bangladesh?

Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.

Automated fuel pricing likely from next quarter

The government is likely to introduce dynamic fuel pricing next quarter -- a development that will dramatically lessen the subsidy burden and pave the way for enhanced social spending.

BNP to hold rallies in divisional headquarters from October 8

BNP has announced to hold rallies in divisional headquarters from October 8, protesting the price hikes of the daily essentials and fuel and also killing of its activists during recent protest programme.

Autogas consumption rising amid higher fuel costs

The number of filling stations that dispense liquefied petroleum gas (LPG), also known as Autogas, is on an upward trend across the country as consumption is growing amid government efforts to cut dependency on  compressed natural gas (CNG) and fuel oil.

September 1, 2022
September 1, 2022

Govt may subsidise diesel for farmers:  Agriculture Minister

Like fertiliser, the government would consider giving subsidies to farmers for diesel, Agriculture Minister Muhammad Abdur Razzaque said today.

August 31, 2022
August 31, 2022

Reducing fuel price by Tk 5 has no impact: Tawfiq-e-Elahi

Prime Minister’s Energy Adviser Tawfiq-e-Elahi Chowdhury today (August 31, 2022) said it would have been better to continue with the existing price of fuel instead of reducing it by Tk 5.

August 29, 2022
August 29, 2022

Fuel prices cut by Tk 5 per litre

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).

August 29, 2022
August 29, 2022

Fuel prices may be adjusted: Nasrul Hamid

The government may adjust fuel prices, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said.

August 24, 2022
August 24, 2022

Petrol pump owners’ strike on Aug 31 for increase in fuel sales commission

Petrol pump owners today called a symbolic strike on August 31 in demand of increased commission for selling fuel.

August 24, 2022
August 24, 2022

Fuel price hike: Marine fishing industry struggles to stay afloat

Bangladesh’s marine fishing industry is barely keeping head above water as their operating costs have risen significantly after fuel prices were hiked twice in the last eight months.

August 20, 2022
August 20, 2022

No plan to hike train fare now: Minister

Bangladesh Railway is not considering to hike train fare for now, Railways Minister Nurul Islam Sujan said today.

August 19, 2022
August 19, 2022

Online shopping becomes costlier

Online purchases are getting costlier as courier companies in the country have collectively raised their fares in response to the recent increase in fuel prices.

August 18, 2022
August 18, 2022

Price hike of essentials: Crooked traders to blame

The government is taking a host of measures to cool down the overheated prices of essentials in the wake of the record fuel price hike earlier this month, which is expected to escalate the already elevated official inflation figures.

August 16, 2022
August 16, 2022

Govt trying to bring down prices of essentials: PM

The government is contemplating ways to bring down prices of essentials that have gone beyond public reach following the record fuel oil price hike.

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