Bangladesh Increases Fuel Prices for the Second Time in Four Months
September 18, 2011
The Bangladesh government lifts fuel prices by a maximum of 19% per litre to reduce the subsidy on imports of petroleum products, according to Bangladeshi newspaper The Daily Star. Prices of diesel, petrol, octane and kerosene will rise by BDT 5 (US$ 0.07). Bangladesh increased fuel prices for the second time in more than four months in a move that economists fear will fuel inflation. On 23 September, Bangladesh Nationalist Party and its allies calls for a strike to protest the fuel price increase, reports CNN.