Bangladesh’s Minister of Power, Energy and Mineral Resources, Iqbal Hasan Mahmud Tuku, announced that the government has been compelled to increase fuel prices due to the ongoing war situation in the Middle East. He made the statement during a briefing at the Secretariat on Sunday, noting that despite the price hike, the government continues to provide subsidies on fuel.

The minister explained that the decision was made in response to global circumstances affecting energy markets. He acknowledged that the price increase could have some impact on the domestic market but emphasized that the government had to act considering the international context.

The announcement reflects the government’s effort to balance domestic economic pressures with external geopolitical developments influencing global fuel prices.