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Bangladesh Reportedly Hikes Retail Fuel Prices

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The Bangladesh government has hiked retail fuel rates effective Monday, the second such raise in six weeks, according to multiple media reports on Monday.

The import-dependent country raised petrol and kerosene prices by 5 taka per litre, with petrol now at 140 taka ($1.15) per litre and kerosene at 135 taka per litre. Meanwhile, diesel prices remain unchanged at 115 taka per litre, Reuters reported.

According to a notification from the Energy Ministry, the revision was in line with the changes in international petroleum product prices, the report said.

The move, which follows an ongoing energy supply crisis due to the Iran war, is expected to add to the existing inflationary burden in the country. The government is also considering another price hike, Channels TV reported.

In 2024, Bangladesh adopted a mechanism to automatically adjust domestic fuel prices after considering global fuel prices, exchange rates, and import costs.

has reached out separately to the Department of Energy and Mineral Resources for a comment.

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