The government has decided to increase fuel imports by 25 percent in the course of the current year to tackle potential supply disruptions caused by the ongoing conflict in the Middle East, Energy Minister Iqbal Hassan Mahmood said recently.
“Despite global concerns over fuel supply, there is no immediate crisis in Bangladesh. As a precautionary measure, the government has decided to raise fuel imports by 25 percent,” Iqbal told reporters at his residence in Dhaka.
The minister said vessels carrying sufficient fuel supplies are arriving at ports, and the government is maintaining strict vigilance to ensure uninterrupted distribution across the country.
Highlighting the government’s subsidy efforts, the minister said fuel is being purchased at higher prices from the spot market but sold to consumers at lower rates.
“The duration of the conflict remains uncertain, the government will continue providing subsidies for as long as possible, considering people’s purchasing capacity,” he added.
