Fuel prices falling in global market, consumers will be benefitted: Finance Minister

Finance Minister AHM Mostafa Kamal has said that consumers will be benefitted if the prices of fuel drop in the international market.

In response to questions from reporters at a hotel in the capital today, he said, "Prices are falling all over the world, it has started falling everywhere. We also started buying at lower prices. When the consignment will arrive in the country, the pressure will reduce."

"I think the consumers would be able to buy at lower prices", he added.

When asked if the automated pricing system will be introduced, he said, "I can't say that at the moment. But we have set the price of LPG gas automatically. In case of fuel, it will be started slowly."

Asked about rationality of sudden price of hike of fuel oil, he said, "What is the condition of the neighbouring countries? The price that has been hiked here has not been increased without logic."

"When the price increases, we always consider the people – that how much it will increase and how much people can bear," he added.