Bangladesh fuel prices may increase from next month as the government reviews adjustments under existing policy, Energy Minister Iqbal Hassan Mahmud Tuku said on Tuesday.
Responding to a question in Parliament, the minister confirmed that fuel pricing is reviewed monthly under current regulations. “According to that law, we adjust the prices every month. We did not change the prices last month. We are working on the prices for next month. If it is seen that increasing the prices is necessary now, then we will discuss and take it to the cabinet and think about increasing the prices,” he said.
The potential move comes amid growing volatility in global energy markets driven by geopolitical tensions in the Middle East. The minister said disruptions linked to the US-Israel attack on Iran and restrictions in the Strait of Hormuz have affected global fuel supply chains.
He noted that “there has been an unusual volatility in fuel price premiums and freight rates” and added that security risks in international shipping routes have increased, contributing to instability in global fuel supply.
Despite these challenges, the government has maintained stable fuel prices domestically so far. “But Bangladesh has not increased the price,” the minister said, adding that the decision to keep prices unchanged in April was taken considering industrial activity and the cost of living.
The government is also monitoring supply levels closely. The minister said Bangladesh currently holds 164,644 metric tonnes of diesel in stock, with an additional 138,000 tonnes expected by the end of April. Octane stock stands at 10,500 tonnes, with 71,543 tonnes scheduled to arrive, while petrol stock is at 16,000 tonnes with 36,000 tonnes incoming.
He added that authorities are working to ensure uninterrupted supply across the country and exploring multiple sourcing options. Measures have also been taken to support farmers, including issuing diesel cards to ensure access during the agricultural season.
To prevent illegal hoarding, the government has intensified enforcement. A total of 342 operations were conducted between March 3 and April 4, leading to 2,456 cases, 31 arrests and fines exceeding Tk1.25 crore. During these operations, 448,456 litres of fuel were recovered, including diesel, octane and petrol.
“The operation will continue,” the minister said, confirming that monitoring teams and mobile courts are active at district levels.
The minister also highlighted efforts to utilise domestic resources more efficiently. Condensate from gas fields is being used to produce petrol, diesel and other fuels to support local supply and reduce dependency on imports.
The developments reflect broader regional trends, with several South Asian countries already increasing fuel prices amid global market pressure. Pakistan has raised prices significantly, while Sri Lanka has reduced fuel usage through rationing measures. Other countries, including India, Nepal and the Maldives, have also adjusted fuel prices.
The government’s final decision on fuel pricing will depend on global market conditions and domestic economic considerations in the coming weeks.
