Bangladesh’s Minister of Power, Energy and Mineral Resources, Iqbal Hasan Mahmud Tuku, stated on Sunday, April 19, 2026, that domestic oil prices have increased only slightly compared to the sharp rise in global markets. Speaking to journalists, he explained that instability in the international energy market has already caused the government an additional expenditure of two billion US dollars on fuel imports.

The minister noted that global oil prices have nearly doubled since the onset of the war, creating significant economic pressure on the government. Despite this, he said the government has not raised domestic prices proportionally, prioritizing public relief and economic stability.

Tuku added that the government is maintaining market stability by providing subsidies and absorbing the extra costs itself to minimize public hardship and preserve overall economic balance.