Fuel oil prices reduced by Tk 5 per litre

The government on Monday decided to cut the prices of fuel oils – diesel, petrol and octane – by Tk 5 per litre, a day after the import and advance duty on diesel were reduced to 5 per cent respectively.

Power, energy and mineral resources minister Nasrul Hamid confirmed the matter to Prothom Alo.

He said, "The cost per litre has decreased by Tk 1.90 due to the tariff reduction. But the price has been reduced by Tk 5. BPC will have to provide subsidies as the price in the world market is high. However, it will be adjusted in the future in line with the price in the global market."

Earlier, on 6 August, the government hiked the price of diesel by Tk 34 to Tk 114 per litre while octane price hiked by Tk 46 to Tk 135 and petrol by Tk 44 to Tk 130.