For around 15 years, Bangladesh had to struggle with import of oil because the price continued to climb from just $25 in1998 a barrel to $145 in 2008. The country's oil importing agency Bangladesh Petroleum Corporation (BPC) counted staggering losses from 1999 till mid 2014.

The government yesterday ordered the private schools to immediately stop collecting hiked tuition and other fees from students until further notice.

Bangladesh Passengers' Welfare Association today demanded the government not to increase public transport fare on the excuse of gas price hike.

Jatiya Party, a key component in the Awami League-led 14-party alliance, in an immediate reaction has criticises the government for raising power and gas prices.