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Fuel Oil Prices Increased Bangladesh

Fuel droplets fall from a nozzle at a gasoline station in Dhaka, Bangladesh on August 6, 2022. The government has increased fuel oil prices by 42.5% to 51.6%, highest in 20 years, dealing a big blow to people already overwhelmed by skyrocketing prices of essential goods amid record inflation. The Energy and Mineral Resources Division on Friday night hiked diesel and kerosene prices by Tk34 per litre to Tk114 and octane and petrol prices by Tk46 per litre to Tk135. The government announced the hike at a time when oil prices in the international market are on a downward trend. Brent crude price on Friday was $95.50/barrel. It had gone as high as $129/barrel several weeks back. (Photo by Kazi Salahuddin Razu/NurPhoto)

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