State Minister for Power, Energy and Mineral Resources Anindya Islam Amit has expressed optimism that the ongoing crisis in the Middle East will resolve quickly.
He stated that once the Middle East crisis ends and fuel prices drop in the international market, the government will attempt to readjust fuel prices in Bangladesh accordingly.
He made these remarks while responding to questions from journalists on the premises of the Meherpur Deputy Commissioner's office on Thursday (September 24) afternoon.
The State Minister noted that Bangladesh is an import-dependent country for fuel, as it does not produce fuel oil internally. The region from which Bangladesh imports fuel is currently experiencing war-like conditions, affecting the global energy market and driving up fuel prices in various countries.
He explained that fuel oil must be imported using foreign currency. Along with rising international prices, import expenses—including insurance premiums—have increased, making it difficult for the government to maintain fuel prices without adjustment for an extended period.
Anindya Islam Amit mentioned that the government initially tried to manage the situation for about six months. However, having no alternative, it ultimately had to make a tough decision. Nevertheless, the government remains optimistic that the ongoing Middle East crisis will subside soon, and as soon as international fuel prices drop, prompt efforts will be made to adjust prices in the domestic market.
-SA