Bangladesh’s Finance and Planning Minister Amir Khosru Mahmud Chowdhury said the government is considering an increase in fuel prices to manage rising costs in the global energy market. Speaking to reporters on Friday at the Korean EPZ in Karnaphuli, Chattogram, he noted that maintaining the supply chain requires purchasing fuel at high prices, which is straining public finances. Although no immediate price hike has been decided, he indicated that a decision could come soon.

The minister emphasized that ensuring energy security remains the government’s top priority, warning that disruptions could halt agricultural and industrial production. To ease fiscal pressure, the government has adopted strict austerity measures, including a 30 percent fuel rationing for ministers and officials. He added that high import costs are affecting all sectors, including development programs and budget commitments.

Chowdhury also mentioned that the ongoing war situation poses challenges for maintaining supply chains of fuel, food, and other essentials. He urged public cooperation to overcome the crisis and expressed optimism about the recovery of the capital market.