According to the state minister, the government was compelled to increase fuel prices as a measure to prevent the smuggling of fuel to neighbouring countries. Additionally, the minister cited the ongoing crisis in the Middle East as a contributing factor behind the price adjustment.
Economy
Fuel prices raised to prevent smuggling to neighbouring country: State minister
The state minister stated that the government increased fuel prices to curb smuggling to neighbouring countries and due to the ongoing Middle East crisis.
Source: TBS Bangladesh