Bangladesh increases fuel costs
Bangladesh has raised fuel prices by up to 17.4% starting Monday, aiming to reduce losses at Bangladesh Petroleum Company, which amounted to 228.76 billion Taka between March and August 2026. The increases include raising the price of diesel to 135 Taka per liter, high-octane gasoline to 165 Taka, regular gasoline to 160 Taka, and kerosene to 155 Taka. This move is expected to lead to higher transportation and production costs, increase inflationary pressures, harm the garment export sector, and help reduce the company's annual losses by approximately 100 billion Taka. Additionally, it aims to preserve cash reserves and curb fuel smuggling.
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