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Energy minister blames oil suppliers for recent fuel crisis
Power, Energy and Mineral Resources Minister Iqbal Hasan Mahmud Tuku has blamed oil marketing companies for the recent fuel crisis, saying negligence and failure to follow official instructions were largely responsible. He made the remarks at a seminar organized by the Bangladesh Geological...
Oil prices rise again with little sign of war on Iran ending
Oil prices are spiking again as efforts to resolve the Iran war remain at an impasse, with Tehran continuing to block the Strait of Hormuz and the United States Navy blockading Iranian ports and exports of Iranian crude, reports Al Jazeera. On Friday, Brent crude, the international benchmark,...
Industrial sector strained in Chattogram as production falls, costs surge
Chattograms industrial sector is under mounting pressure as a worsening gas and fuel oil crisis, coupled with increased load shedding, disrupts operations. Rising raw material prices and higher transportation costs are further compounding the challenges, placing industries in the region under...
Export decline not caused by fuel disruption, says Jute Minister
Khandakar Abdul Muktadir, Minister for Textiles and Jute, said the idea that exports have declined due to fuel disruption is incorrect, attributing the slowdown to weak global demand. Speaking to journalists after visiting an industrial site in Siddhirganj on Saturday, the minister said...
Fuel supply normalizing at Dhaka petrol pumps as queues ease
Fuel supply at petrol pumps across Dhaka has gradually begun to return to normal, easing long-standing pressure on motorists and reducing waiting times at filling stations. A visit to several petrol pumps on Saturday showed that, although queues were still visible at some locationsparticularly...
Overcharging by gas-run vehicles to face enforcement action: Transport Minister
Road Transport, Railways and Shipping Minister Shaikh Rabiul Alam warned that strict action would be taken against gas-powered vehicles charging higher fares, stressing that recent fare adjustments apply only to diesel-run buses. Only diesel-powered buses will see fare increases. If gas-powered...
IAG to raise ticket prices as jet fuel costs surge amid Middle East tensions
International Airlines Group (IAG), the parent of British Airways, Iberia, and Aer Lingus, said it plans to raise ticket prices as rising jet fuel costs begin to impact operations, according to a Reuters report. The airline group said the increase in fuel expensesdriven by ongoing tensions...
Oil prices up 4% amid uncertainty around Iran-US ceasefire
Oil prices jumped 4 percent on Thursday amid vows by Iran not to reopen the Strait of Hormuz so long as the US naval blockade of Iranian ports remains in place. At about 00:25 GMT, the benchmark US oil contract West Texas Intermediate (WTI) climbed 4.06 percent to $96.73 per barrel, reports Al...
Fuel situation to normalize in 2–3 days: Minister
Labour and Employment Minister Ariful Haque Choudhury has expressed hope that the countrys fuel situation will return to normal within the next two to three days, noting that diesel supply remains stable. Speaking on Wednesday in Gazipur, the minister said the recent adjustment in fuel prices...
Decision on new transport fares expected Thursday: minister
A decision on revised transport fares, including buses and trucks, is expected to be taken on Thursday (April 23), Road Transport and Bridges Minister Shaikh Rabiul Alam said on Wednesday. He made the remarks while speaking to reporters after a meeting at the Secretariat on determining new bus...
No bus fare hike until official notification issued: transport leaders
Transport leaders have instructed that bus fares must not be increased until the government issues an official notification, despite the recent rise in fuel prices. In a statement released on Tuesday (April 21), Secretary General Saiful Alam said all operators must continue to follow the...
Diesel price jumps 15%, yet cheapest in region
Bangladesh has increased diesel prices by 15% in its latest adjustment, yet it continues to offer the lowest rates in South Asia, maintaining a notable price advantage despite volatility in global energy markets. On 20 April, the government raised diesel prices from $0.814 (Tk100) to $0.94...
1,01,000 tonnes of diesel, octane arrive at Ctg port
Three oil tankers carrying 1,01,000 tonnes of diesel and octane on Tuesday reached outer anchorage in Chattogram, according to an official familiar with the process, reports BSS. The ships, in Bangladeshs waterways, will gradually dock at the jetty and fuel will be discharged soon, Farzin Hassan...
Fuel queues ease as supply increases across country
Long queues at fuel stations across the country have started to ease after the government increased supply to petrol pumps, officials said. A spokesperson for the Energy and Mineral Resources Division said fuel deliveries from depots operated by Padma Oil Company Limited, Meghna Petroleum...
State reform essential to resolve ongoing crisis, says information minister
Information and Broadcasting Minister Zahir Uddin Swapon said the government is seeking to reform the state structure to address the countrys ongoing crisis, reports BSS. If the state and political system are not reformed, people cannot be freed from the current crisis, he said, blaming fuel...
Passenger Welfare Association proposes 15 paisa hike in bus fares
Passenger Welfare Association of Bangladesh (Bangladesh Jatri Kalyan Samity) has proposed a 15 paisa per kilometre increase in bus fares following the recent fuel price hike, while criticizing the process of fare revision. The organization alleged that a section of influential leaders within...
If there is no crisis, why are there 3 km fuel queues on roads, asks Rumeen Farhana
Opposition lawmaker Rumeen Farhana has questioned the governments claim that there is no fuel crisis, pointing to long queues at filling stations and supply disruptions across the country. Speaking on a point of order in parliament on Sunday, with Deputy Speaker Kayser Kamal in the chair, the...
Jamaat voices concern over fuel price hike
Bangladesh Jamaat-e-Islami has expressed deep concern and protest over the governments decision to raise fuel prices, warning of broad economic consequences. In a statement issued Sunday, the partys Secretary General and former lawmaker Mia Golam Parwar criticized the move, citing significant...
Rising demand, weak storage leave fuel sector vulnerable
Bangladeshs energy sector is facing mounting pressure as rapidly rising fuel demand continues to outpace storage capacity, exposing the country to risks amid global market volatility and supply disruptions. Despite steady growth in consumption, fuel storage infrastructure has seen only marginal...
Govt hikes fuel prices
The government has raised prices of fuel oil in line with global rates, according to a ministry notification issued Saturday night. The new prices for consumers would come into effect from early Sunday, said the notification issued by the Ministry of Power, Energy and Mineral Resources. As...
Good news for bikers in capital
The government has expanded the pilot use of the Fuel Pass at filling stations across Dhaka in a bid to modernise and ensure greater transparency in the countrys fuel supply system. Officials say the initiative is expected to ease the hassles faced by motorcyclists when purchasing fuel. The...
People face mounting pressure from rising costs
Cost, cost, and more cost has become the reality for many people, as rising prices continue to strain daily life, especially for lower- and middle-income households. From essential goods to healthcare, education, transportation, and housingalmost every expense has increased. However, incomes...
Europe may have just six weeks of jet fuel left, energy chief warns
Europe may have had only six weeks or so of jet fuel remaining, the head of the International Energy Agency warned, cautioning that flight disruptions could follow if energy flows remained blocked amid the Iran conflict, reports AP. IEA Executive Director Fatih Birol described the situation as...
Fuel queues paralyse Dhaka streets
Dhakas notorious traffic congestion has taken a turn for the worse in recent weeks as long queues at refueling stations spill onto major thoroughfares, creating severe bottlenecks across the capital. While the city is no stranger to gridlock, the recent surge in vehicles lining up for petrol,...
ERL runs on low feed, fuel supply stable: Ministry
The countrys only state-owned refinery, Eastern Refinery Limited (ERL), is operating at reduced capacity due to disruptions in crude oil imports linked to the ongoing Middle East conflict, the Energy Ministry said on Wednesday. In a statement, the Ministry of Power, Energy and Mineral Resources...
Two ships carrying 200,000 tonnes of fuel docks at port: Chief Whip
Chief Whip Nurul Islam Moni said two ships carrying about 200,000 tonnes of fuel have anchored at Chattogram port, urging media outlets to highlight positive developments alongside concerns over the energy sector. He said these things while briefing journalists in the National Parliament...
Two tankers bring 68,000 tonnes of diesel to Chattogram
Two master tankers carrying a combined 68,000 tonnes of diesel have arrived at the outer anchorage of Chattogram Port, strengthening Bangladeshs fuel supply. The vessels reached the port on Tuesday night and have anchored offshore. Part of the diesel cargo will be discharged at the outer...
Crude oil shortage puts Eastern Refinery at risk of shutdown
The countrys only state-owned oil refinery, Eastern Refinery PLC, is on the verge of shutdown due to a disruption in crude oil imports amid the ongoing Iran war, raising concerns over fuel supply stability. Sources said the refinery has nearly exhausted its crude oil reserves, and production...