Oil Price

Oil Price
In this file photo taken on 30 August, 2022 facilities to receive and distribute natural gas are pictured on the grounds of gas transport and pipeline network operator Gascade in Lubmin, northeastern Germany, close to the border with Poland - the industrial infrastructure includes a receiving and distribution station for the Nord Stream 1 pipeline and is also the place

Energy war West caps Russian oil price, Moscow keeps gas pipe shut

Moscow has blamed sanctions, imposed by the West after Russia’s invasion of Ukraine, for hampering routine operations and maintenance of Nord Stream 1. Brussels and Washington accuse Russia of using ...

Tawfiq-e-Elahi Chowdhury

It would have been better to keep fuel oil price high: Energy advisor

Prime minister's power, energy and mineral resources adviser Tawfiq-e-Elahi Chowdhury on Wednesday said it is very difficult to estimate the global oil price

Parliament building

Govt’s wrong policy, mismanagement at root of present crisis: Oppositions

Nasrul Hamid labeled the opposition parliamentarians as people with ‘gold-fish memory’ and said they forgot everything and are playing the same broken record

Editorial

Will reducing fuel oil price benefit people at all?

There is no justification for a reduction of Tk 5. It could be at least Tk 10. Transport owners will not reduce fares. The extra money will go into the traders' pockets. There will be no political ...

Prime minister Sheikh Hasina addresses a discussion Dhaka South City Awami League and Dhaka North City Awami League jointly organised at Bangabandhu International Conference Centre (BICC), Dhaka, marking the National Mourning Day and 47th martyrdom anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman on 30 August 2022

It’s not possible to show more compassion to Khaleda Zia: PM Hasina

Time and again they wanted to kill me. Even then I show compassion (to Khaleda Zia), said prime minister Sheikh Hasina at a discussion at BICC, Dhaka, marking the National Mourning Day and 47th ...

State minister for power, energy and mineral resources Nasrul Hamid

Current price too is a bit high for common people: Nasrul Hamid

The state minister reassured, if prices decrease in the global market, there will be adjustments in the local market too

Fuel droplets fall from a nozzle at a gasoline station in Dhaka, Bangladesh on 6 August 2022.

Decision on adjustment of fuel oil price likely soon: State minister

The government is going to adjust the fuel oil prices following the reduction in import duty and withdrawal of advance tax on diesel import

Govt backtracks to diesel to increase power generation

Fuel oil Govt backtracks to diesel to increase power generation

PDB’s diesel requirement in three months has soared up to 391,000 tonnes. The demand of furnace oil for three months has also been changed to 291,000 tonnes from 146,000 tonnes

Awami League men attack BNP office in Jashore on 28 August

Attack on BNP rallies continue

Ruling Awami League is not letting the BNP to take to the streets protesting price hikes of fuel and other commodities. In continuation with the attack in several districts in this week, AL attacked ...

Salman F Rahman

OCAB meet Govt won’t take Russia’s crude oil: Salman F Rahman

The prime minister’s private industry and investment advisor Salman F Rahman has said the government is not considering the use of alternative currency for foreign transactions and importing crude ...

Tank lorries remain idle on the street during the strike of fuel traders and tank lorry-owners in Khulna.

Khulna fuel traders, tank-lorry owners go on strike

Their demands include raising the commission on fuel sale and readjusting transport fare following the latest hike in fuel prices.

Editorial

Fuel price: Demand for withdrawal of duty reasonable

The president of the Federation of Bangladesh Chambers of Commerce & Industries (FBCCI), the top organisation of businessmen, Jasim Uddin's demand to reduce the price of fuel by withdrawing the duty ...

Commerce minister Tipu Munshi

What is the logic behind increasing rice price by Tk 4: Tipu Munshi

The price of rice may increase by a maximum of 50 paisa per kg due to the price hike of fuel oil, said commerce minister Tipu Munshi

Fuel prices, load-shedding and subsidies

Fuel prices, load-shedding and subsidies

The government’s lame excuse is that fuel prices have gone up in the global market. That is not true. Oil prices are falling in the global market, not rising

Prime Minister Sheikh Hasina

Govt mulls further measures to control price of essentials: PM Hasina

Prime minister Sheikh Hasina has said her government mulls further steps to bring down prices of daily essentials to keep them at a tolerable level of the ordinary consumers

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