Govt raises fuel prices by Tk2 despite global oil slump
Under the new pricing, effective from 1 December, diesel will retail at Tk104 per litre, kerosene at Tk116, octane at Tk124, and petrol at Tk120
The government has increased the prices of diesel, kerosene, petrol and octane by Tk2 per litre, even as global oil prices continue to fall.
The Energy and Mineral Resources Division issued a notification tonight (30 November), announcing the revised rates.
Under the new pricing, effective from 1 December, diesel will retail at Tk104 per litre, kerosene at Tk116, octane at Tk124, and petrol at Tk120.
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The last adjustment was made on 31 May, when the government fixed diesel at Tk102 per litre, kerosene at Tk114, octane at Tk122, and petrol at Tk118. Prices remained unchanged for the next five months.
The timing of the hike has raised concerns among farmers, as higher fuel costs ahead of the Boro cultivation season are expected to push up production expenses.
This increase comes at a time when global oil prices have been on a downward trend. Brent crude, the international benchmark, has dropped to $62 per barrel, while WTI crude fell to $58.33 – its lowest forward price for January in a month.
According to oilprice.org, Brent crude hovered around $60 per barrel throughout November, peaking at $65.11 on 11 November.
