Bangladesh announces fuel price jump, stokes inflation fears

Bangladesh announces fuel price jump, stokes inflation fears

Price for petrol increased by 51.2% to 130 taka ($1.38) a litre; prices will be adjusted if global prices fall, minister says

Fuel price hike triggers protests in Bangladesh

Demonstrators say the increases will disproportionately hit the country’s tens of millions of poor people.

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…

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%.

Bangladesh hikes fuel prices by over 50%, stokes inflation fears

The South Asian country’s $416 billion economy has been one of the fastest-growing in the world for years.

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