Price Hike

Price Hike
People queue along a street to buy Liquefied Petroleum Gas (LPG) cylinders near the Galle International Cricket Stadium in Galle on June 28, 2022

Sri Lanka suspends fuel sales as economic crisis worsens

Cash-strapped Sri Lanka announced a two-week halt to all fuel sales except for essential services starting Monday and called for a partial shutdown as its unprecedented economic crisis deepened

Middle class and low income people are suffering due to abnormal rise in oil prices. Buyers are now buying edible oil in plastic bags at a price of Tk 20 as they cannot afford to buy a whole bottle. The photo was taken from Tejkunipara in Tejgaon on 8 February.

Edible oil price may decrease in two days: Commerce secretary

Commerce secretary Tapan Kanti Ghosh on Sunday said the price of edible oil may decrease in the local market within the next two days in line with the global market

People have been going through immense sufferings as floods hit most parts of Kurigram district.

Prices of daily essentials go up in five flood-hit districts

Flood waters are receding in Sylhet and Sunamganj while sweeping the northern districts. The flood-hit people are already suffering from severe food crisis

Iranians shop at the Tajrish Bazaar market in the capital Tehran on 15 June, 2022. Iran has been wrestling with rampant price growth for years, exceeding 30 per cent annually every year since 2018, according to the International Monetary Fund

Inflation, subsidy reform hit stomachs in isolated Iran

Outside his butchery in the south of Iran’s capital, Ali cuts up a sheep carcass for customers who, like him, have seen inflation and subsidy reform devour their purchasing power

State Minister for Power, Energy and Mineral Resources Nasrul Hamid

Petroleum price may go up next month: Nasrul Hamid

Earlier, finance minister AHM Mustafa Kamal said a decision on raising the petroleum prices will come soon

Ferry

BIWTC announces 20pc rise in ferry, ship fare

Bangladesh Inland Water Transport Corporation has increased the fare for its passenger ships and ferry services by 20 per cent

Sri Lanka's prime minister Ranil Wickremesinghe (R)

Sri Lanka is open to buying Russian oil: Prime Minister

Wickremesinghe, who is also Sri Lanka’s finance minister, also indicated he would be willing to accept more financial help from China, despite the island nation’s mounting debts

Sundarbans

Ban on entering Sundarbans Nearly 200,000 families suffering from financial hardship

Woodcutters, honey collectors, fishermen and others in seven districts -- Khulna, Satkhira, Bagerhat, Pirojpur, Barguna, Jhalakathi and Patuakhali -- along the Sundarbans have been passing idle time ...

12th WTO Ministerial Conference

12th WTO Ministerial Conference Bangladesh pushes for stopping sudden ban on export of food products

Bangladeshi Commerce Minister Tipu Munshi in his opening speech urged the global leaders and WTO not to put any ban on export of food items for any reasons so that any country faces any food crisis

Consumers' que before a TCB truck in Dhaka as food prices continue to rise

Ukraine war risks another 11-19m hungry people over next year: FAO

The FAO also said in a report on Thursday that spiralling costs for farm inputs like fertiliser could deter growers from expanding production and worsen food security in poorer countries facing ...

A man holds a bottle of soybean oil at a grocery shop

Soybean oil price increases by Tk 7 per litre

The new price has taken effect in the market from Thursday. The price of a litre of soybean oil in the market is ranging from Tk 200 to 205

Imported lift to be costlier

Imported lift to be costlier

In the proposed budget of 2022-23 fiscal year, 5 per cent import duty has been proposed on imported lifts

Coffee price may go up

Coffee price may go up

20 per cent supplementary duty has been proposed on the import of processed and ready to consume coffee in the budget of 2022-23 fiscal year

Products likely to see price hike

Products likely to see price hike

Finance minister AHM Mustafa Kamal has placed budget for 2022-23 fiscal year on Thursday. Due to imposition of supplementary duty, import duty and Value Added Tax, prices of the following products ...

Rice price hike: Increase market monitoring

Rice price hike: Increase market monitoring

Cabinet has asked authorities concerned to look into the reasons for the hike in rice prices during the peak season. They also asked to take action against those who have rice businesses without ...

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