State Minister for Power, Energy and Mineral Resources Anindya Islam Amit announced that the government has decided to adjust fuel prices due to rising pressure in the international energy market. Speaking to reporters at his office in the Secretariat on Monday, he said the government would act quickly to reduce prices if global oil rates decline significantly, aiming to ease consumer burdens.

The minister explained that fuel prices are reviewed monthly, though no adjustment was made in May. He noted that about 66 percent of the country’s fuel consumption is diesel, which receives the highest government subsidy, and its price has been kept unchanged to protect ordinary consumers. He cited the Middle East crisis as a key factor behind the recent adjustments and reaffirmed that unnecessary price hikes would be avoided.

Amit added that the government is pursuing long-term plans to reduce subsidies by expanding renewable energy use and advancing major projects such as offshore exploration, a second Eastern Refinery unit, and new LNG infrastructure to ensure stable energy supply and lower production costs.