Hasty fuel price hike may worsen inflation: PM's Adviser Titumir
The adviser also said that the government aims to work inclusively, prioritising the interests of ordinary people.
Any abrupt hike in fuel or electricity prices could drive up inflation, Prime Minister's Adviser on Finance and Planning Rashed Al Mahmud Titumir has warned.
"If fuel or electricity prices are adjusted too quickly, it will put pressure on inflation," he said today (15 April) while speaking to reporters after a meeting at the planning ministry.
"The government is taking a cautious, phased approach, considering the ongoing boro season, also providing the highest level of subsidies in the energy sector to keep prices stable", he said.
Keep updated, follow The Business Standard's Google news channel
Titumir noted that the country's energy sector has long been import-dependent, including gas and electricity, highlighting the need for strategic reserves to tackle potential crises and ensure energy and food security.
The adviser also added that the government aims to work inclusively, prioritising the interests of ordinary people, and is continuing efforts to expand social initiatives such as farmer cards to support the people.
The meeting was organised by the General Economics Division (GED) of the Bangladesh Planning Commission and chaired by former adviser to the Planning Ministry, Professor Wahiduddin Mahmud.
State Minister of the Planning Ministry Zonayed Abdur Rahim Saki and GED Member (Secretary) Monzur Hossain also spoke at the event.
