Bangladesh announces fuel price jump, stokes inflation fears

Summary by Ground News

Bangladesh raises fuel prices by around 50% on Saturday, a move that will trim the country's subsidy burden. The South Asian country's $416 billion economy has been one of the fastest-growing in the world for years. But soaring energy and food prices due to the Russia-Ukraine war have inflated its import bill.

2 months ago·Bangladesh

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Reuters

Bangladesh announces fuel price jump, stokes inflation fears

Bangladesh raised fuel prices by around 50% on Saturday, a move that will trim the country's subsidy burden but put more pressure on inflation that is already running above 7%.

2 months ago·United Kingdom

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Channel News Asia

Record Bangladesh fuel hike triggers huge queues

DHAKA: Thousands of Bangladeshis besieged fuel stations across the country after the government raised prices by as much as 52 per cent, the largest jump on record, on the back of higher oil prices. Russia's invasion of Ukraine has seen global energy prices soar, though oil has fallen back in recent weeks

2 months ago·Singapore

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The Straits Times

Record Bangladesh fuel hike triggers huge queues, protests

Motorcycle riders fill up en masse, petrol stations pause sales, and sporadic protests break out. Read more at straitstimes.com.

2 months ago·Singapore

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Arab News

Bangladesh hikes fuel prices to highest in history

DHAKA: Fuel prices in Bangladesh increased more than 51 percent on Saturday — the steepest rise in the country’s history — as the government said it is trying to keep oil supply normal. Bangladesh’s $416 billion economy has been one of the fastest growing in the world for years, but the country has struggled with globally rising food and fuel prices, which inflated its import bill. The government in July began a loan application with the Interna…

2 months ago·Riyadh, Saudi Arabia

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