Bangladesh cut retail fuel prices by Tk 2 a liter from January 1, reversing an increase imposed a month earlier as part of its automatic fuel pricing mechanism.
The Energy and Mineral Resources Division said in a notification issued late Wednesday that the prices of diesel, octane, petrol and kerosene have been reduced to Tk 102, Tk 122, Tk 118 and Tk 114 per liter respectively.
Previously, the fuels were priced at Tk 104 for diesel, Tk 124 for octane, Tk 120 for petrol and Tk 116 for kerosene.
Domestic fuel prices in Bangladesh are adjusted monthly in line with global market movements under the “Revised Fuel Automatic Pricing Guidelines,” the notification said, adding that the latest revision aims to keep fuel comparatively affordable for consumers.
Bangladesh hikes fuel prices by Tk 2 per liter from December. The cut follows a Tk 2-per-litre increase across all fuel types that took effect on Dec. 1.
