Bangladesh hikes fuel prices to highest in history ...Middle East

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Bangladesh hikes fuel prices to highest in history
source : Daily Sun ( Middle East ) () 25
DHAKA: Bangladesh’s retail fuel prices have been hiked to levels not seen since the country’s independence in 1971, reported Xinhua.The Bangladeshi government Friday night hiked the fuel prices by up to 51.7 per cent with effect from Saturday.According to a price notification from the Ministry of Power, Energy and Mineral Resources, a liter of octane now costs 135 taka (US$1.43), which is 51.7 per cent higher than the previous rate of 89 taka (US$0.94).The prices of diesel and kerosene have been increased by 42.5 per cent to 114 taka (US$1.20) per liter.Also, each liter of petrol now costs 130 taka (US$1.37), a rise of 44 taka or 51.1 per cent, said the press release.Officials said the lates

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