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

Launch fare has been increased by 30 percent, which will come into effect today (August 16, 2022).

State Minister for Power, Energy, And Mineral Resources Nasrul Hamid today (August 14, 2022) said there has been no shortage of efforts to use Bangladesh’s own gas resources.

Prime Minister Sheikh Hasina today (August 14, 2022) said that she is fully aware of public suffering due to the record fuel price hike and load shedding, and completely empathises with them.

Owners of private inland container depots (ICDs) has started raising charges for different services specially those run by diesel due to the fuel price hike.

If things are bad, there must be a good reason for it.

Prime Minister Sheikh Hasina has given directives to the respective ministry to clarify once again the reason behind the fuel price hike.

The record fuel price hike last week has thrown a spanner in the works to the finance division’s projection of bringing the twin problems of inflation and delicate foreign currency reserves under control by December.

After the latest fuel price hike, Bangladesh Petroleum Corporation will make a profit of Tk 205 crore per month, provided that the dollar price continues at the rate of July.

Bangladesh recently saw a massive hike in fuel prices at the retail level, which sparked widespread protests and rallies. During this time, a video showing violent protests and vandalism spread over social media, reports India Today.

Owners’ proposal to double launch fare is unreasonable, Shipping Secretary Md Mostafa Kamal said today.

Floods, low rainfall and then fertiliser price hike -- the woes of farmers just won’t stop. And now, they will have to bear the brunt of a sudden 42.5 percent rise in diesel cost, which is likely to make them spend an additional Tk 4,000 in irrigation for per hectare Boro production.

The increase in gas tariff in June and the fuel price hike on Saturday will have an immediate negative impact on transportation, essential commodities and electricity, said the Dhaka Chamber of Commerce and Industry (DCCI) yesterday.

Finance Minister AHM Mostafa Kamal has said that consumers will be benefitted if the prices of fuel drop in the international market.

Following the record rise in fuel prices, launch owners are now demanding that the authorities double the launch fares.

Mismanagement, system loss and a weak supply chain of the Bangladesh Petroleum Corporation (BPC) have become a perennial problem.

North-bound trains are seeing an increase in passengers due to lack of public transport following the latest major fuel price hike in Bangladesh.

The increase in gas price in June and the fuel price hike on Saturday will have an immediate negative impact on transportation, essential commodities and electricity, said the Dhaka Chamber of Commerce and Industry (DCCI) today.

Supply of fuel remains suspended in 14 districts of greater Khulna and Faridpur as tank-lorry owners enforced a 24-hour strike demanding an increase in commission on selling fuel and tank lorry fare.

Friday’s unprecedented hike in fuel prices, hot on the heels of increased electricity, fertiliser and gas prices, served as yet another massive blow to the people who are already struggling to barely survive amid surging living costs.