Bangladesh Slashes Subsidies with Fuel Price Hikes Amid Global Oil Surge
Bangladesh has increased its fuel prices by up to 17.4% in an effort to stem mounting losses from surging global oil prices and higher shipping costs linked to the Middle East conflict.
The new rates, effective Monday, will raise transportation and production costs across the import-dependent economy, adding to inflationary pressures at a time when industries are already grappling with an acute energy crunch.
The Energy Ministry cited international fuel prices, which have more than doubled since March 2026, as well as significantly higher freight charges due to regional instability.
Under the new rates, diesel prices rose 17.4% to 135 taka per litre from 115 taka, while petrol increased to 160 taka from 140 taka and kerosene increased to 155 taka from 135 taka.