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Bangladesh has raised retail fuel prices by 10 per cent to 15pc, citing a sharp surge in global crude oil prices and tightening supplies caused by the ongoing Middle East conflict, the energy ministry says, Reuters reports.
Under the new rates, petrol will sell at 135 taka ($1.10) per litre, up from 116 taka, diesel at 115 taka and kerosene at 130 taka, according to an official notification.
Officials said the increase was unavoidable as rising crude prices, supply chain disruptions and higher freight and insurance costs pushed up import expenses in recent weeks, particularly after oil prices have jumped during the seven-week-old Iran war.
