FAO warning sums up a troubling time marked by a rise in food insecurity, poverty
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).
People struggling to keep up with rising prices of essentials have to spend even more on food since the government hiked fuel prices a week ago.
Bus operators are reluctant to reduce fares despite a cut in fuel prices.
The government has decided to cut fuel prices in a month, as oil prices continue to remain low on the international market for nearly two years now.
Government will cut price of all fuels in a month, beginning with furnace oil in a week, as oil prices hit rock-bottom in the international market.
State Minister for Power and Energy Nasrul Hamid says the government is considering reducing the price of fuel.
The minister of finance has sought the opinion of the ministry of energy on how to revise prices of petroleum downwards.
There was great hope that having tackled the immediate crisis, the government will put the energy sector on a robust track to achieve sustainability. But, it appears that it has been derailed. True, there is no load shedding, and the government will be able to meet increasing demands in the next two to three years, but many issues of the energy sector will plague us for a long time to come.