Bangladesh/New Delhi: After the situation in Sri Lanka due to inflation, the situation in Bangladesh also seems to be deteriorating. The general public in Bangladesh is suffering from inflation. In such a situation, by increasing the prices of petrol by 51.7 percent and diesel by 42 percent on the night of August 5, the government there has given another blow to the common people. There has been an uproar in Bangladesh about this. There are reports of arson at various places and people have taken to the streets.
At the same time, the police have also fired police to control the protesters. Due to which the anger of the people has increased further. On the other hand, people gathered at the petrol pump with their vehicles even before the increased prices were implemented.
At the same time, the owners of petrol pumps said that they will sell when the increased oil prices are applicable, so they refused to give oil to the people. After which the anger of the people reached the seventh heaven and the demonstration started.
According to the new prices that came into effect from 12:00 pm, the price of one liter of petrol in Bangladesh is 130 Taka. It has increased by 44 Taka or 51.1 percent since last night. Regarding increasing the price, the Ministry of Power, Energy and Mineral Resources of Bangladesh has said that the decision to increase has been taken due to the increase in fuel prices in the international market.
Bangladesh Petroleum Corporation (BPC) has incurred a loss of Taka 8,014.51 between February and July this year due to selling the fuel at low prices, the ministry said. In the press release of the ministry, it has been said that many countries including India have already taken this decision due to increase in the price of fuel in the international market.
Bangladesh is trying to increase its foreign exchange reserves. Bangladesh’s $416 billion economy has been the fastest growing economy in the world for many years, but rising energy and food prices due to the Russ-Ukraine war have increased its import bill and current account deficit.
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