Bangladesh raises fuel prices second time in six weeks

AFP | Dhaka

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Bangladesh raised fuel prices yesterday, six weeks after the previous increase, as the government seeks to ease pressure on state finances affected by the conflict in the Middle East.

The country imports about 95% of its fuel requirements, with most coming from the Middle East.

Kerosene was raised to 135 taka ($1.09) per litre, up from 130, while petrol raised to 140 taka ($1.14) from 135. Diesel was unchanged.

Authorities are also considering another increase in electricity tariffs.

After a slight decline, inflation stood at 9.04% in April.

Bangladesh's first nuclear power plant at Ruppur is nearing operational readiness, with the first phase of uranium fuel loading already completed.