Economy
World / Countries / MNCs Bangladesh hikes fuel prices
Just Earth News | @justearthnews | 06 Aug 2022, 05:58 am Print
Bangladesh Fuel
Image: Unsplash
Dhaka: The Bangladesh government has cited global hike as the reason behind rising prices of fuel oil, media reports said on Saturday.
This is the first massive hike in the prices of fuel since the country gained independence in 1971.
The prices of diesel and kerosene have been increased by 42.5 percent to Tk 114 per litre, reports bdnews24.
Petrol prices have been fixed at Tk 130 a litre, a 51.16 percent jump.
Octane will cost Tk 135, or 51.68 percent higher than the current rate.
On Friday night, a large queue was seen in front of the fuel station as people rushed to buy it.
However, people complained they were not getting fuel.
More Economy
- Automobile giant Tesla likely to remove 10 percent of its workforce
- Crypto market tanks amid Middle East crisis
- Elon Musk's Tesla inks strategic deal with India's Tata Electronics to procure semi-conductor chips
- Apple plans to reduce 614 workers in California
- Tech major Apple to open its new Shanghai store on Thursday