Finance and Planning Minister Amir Khasru Mahmud Chowdhury has said that the recent adjustment in domestic fuel prices was driven by global market volatility, not by any conditions imposed by the International Monetary Fund (IMF).
Speaking to reporters at the Ministry of Finance in Dhaka recently, the minister said the government had delayed increasing fuel prices for as long as possible to protect citizens, even as pressure mounted on national finances.
“The government held off on raising prices despite depleting funds, prioritizing public interest,” he said.
He noted that fuel prices have risen sharply worldwide, citing examples such as the United States—where prices reportedly doubled—and Sri Lanka, where prices increased by around 25 percent.
The minister emphasized that the decision to raise fuel prices was taken independently to manage the upcoming national budget and ease pressure on the treasury.
