fuel price hike
Budget Subsidies: Big chunks go to power, fertiliser
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 jump after oil powers' announcement of output cut
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.
State-run oil companies see higher profits
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.
Fuel price hike could have been avoided: Wahiduddin Mahmud
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.
A roller-coaster year comes to an end
Let us forge ahead with the lessons taught by 2022
How did 2022 go for Bangladesh?
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.
Automated fuel pricing likely from next quarter
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 to hold rallies in divisional headquarters from October 8
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.
Autogas consumption rising amid higher fuel costs
The number of filling stations that dispense liquefied petroleum gas (LPG), also known as Autogas, is on an upward trend across the country as consumption is growing amid government efforts to cut dependency on compressed natural gas (CNG) and fuel oil.
Raising fuel prices to appease IMF is anti-people: Jatri Kalyan Samity
Bangladesh Jatri Kalyan Samity has demanded the government immediately repeal its decision of hiking fuel prices to ease the already-existing sufferings of the people created by the price hikes of essentials.
Long-route bus fare increased by 22%
The authorities have increased bus fare up to 22 percent.
“Selling diesel at Tk 114 per litre, BPC will still incur loss”
Following the criticism that Bangladesh Petroleum Corporation made profits earlier but did not decrease fuel prices and now when they are at loss, they hiked the prices, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said BPC used its profits in various development projects.
Why fuel prices hiked in Bangladesh despite fall in int'l market
Why did the government hike fuel prices when it is falling in the global market? What is the reason behind the rise in the fuel prices?
Operation cost rises by 70%, say bus owners; want fare readjusted
As a government committee will sit today (August 6, 2022) for re-fixing the bus fare, transport owners have demanded to consider not only the fuel price hike but also the increase in the prices of spare parts.
Fuel price hike: Commuters suffer as Ctg buses go off roads
Thousands of commuters faced inconvenience as buses remain off the roads in the Chattogram city today (August 6, 2022), following a sudden strike by transport owners in protest against the fuel price hike.
Fuel price hike: Ctg transport owners demand new fares, suspend services
Chittogram Metropolitan Transport Owners' Association has announced that the public transportation service in Chattogram city will remain suspended from this (August 6, 2022) morning until the government re-fixes the fares to adjust to the fuel price hike.
Fuel price hike: Bikers block highway in Rajshahi as petrol pumps stop selling
Motorcyclists in Rajshahi last night (August 5, 2022) blockaded the Dhaka-Rajshahi highway when petrol stations stopped selling gasoline as a result of rise in prices of fuel.
Austerity! Load shedding on, so are these decorative lights
Strips of colourful lights adorn the lamp posts on the road divider of Kemal Ataturk Avenue in Dhaka’s Banani area, as seen on August 1, 2022.
Oil prices jump as soft dollar, tight supplies support
Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand.
