Commerce Minister Khandakar Abdul Muktadir yesterday said it was unlikely that the recent fuel price hike would exacerbate inflation, terming Saturday night’s mid-month adjustment “moderate”.

For millions, the cost of living has been rising for three years. A record fuel price hike made everything worse overnight...

The recent diesel price hike has made service providers increase charges for harvesting the largest rice crop, Boro, as well as for irrigating farmlands, and threshing maize -- leaving farmers struggling to cope.

A sharp increase in fuel prices -- one that will ripple through every layer of the economy -- signals that the government has reached the limits of its fiscal endurance.

The latest fuel price increase is expected to send shockwaves through much of the economy, lifting costs for farmers, transporters and manufacturers while offering only slight relief to the government finances and the exchange rate, according to an analysis by Brac EPL Stock Brokerage Ltd.

Owners proposed major increases in bus fares, while launch operators sought up to 42% higher rates

Fuel station queues stretch on despite the price hike

The government last night raised fuel prices to record highs, increasing diesel by Tk 15 per litre, octane by Tk 20, petrol by Tk 19, and kerosene by Tk 18.

Diesel Tk 115, octane Tk 140, petrol Tk 135, kerosene Tk 130 per litre from midnight

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With the new pricing formula in place, there is no way that BPC can lose money.

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 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.

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.

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.

Let us forge ahead with the lessons taught by 2022

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.

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 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.