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Fuel prices reduced to give people some respite: PM

Fuel prices reduced to give people some respite: PM
National

A day after slashing fuel prices by a flat Tk5 per litre, Prime Minister Sheikh Hasina today said the prices have been reduced to give some respite to the people.

Reiterating that Bangladesh will never become Sri Lanka, the premier said, "Any conspiracy against us will come to no use."

She made the remarks on Tuesday (30 August) while addressing a programme organised by Dhaka North and Dhaka South Awami League to commemorate National Mourning Day.  

On 5 August, fuel oils saw their record hike in prices at one go, leading to a chaotic rise in transport fare, commodity prices and factory costs. 

The Energy and Mineral Resources Division hiked the price of diesel by Tk34 to Tk114, petrol by Tk44 to Tk130 and octane by Tk46 to Tk135 per litre on the day.

Fuel oil price hike has been one of the most discussed issues in the country that has further fuelled the already high inflation, causing people to fall into grave distress.

On 28 August, the government slashed import duties on diesel by over 10% in a move to tame soaring commodity prices.

The energy ministry reduced the prices of diesel, kerosene, petrol and octane by a flat Tk5 per litre on the following day.

The price of diesel and kerosene is now Tk109, petrol Tk125 and octane Tk130 per litre.