Bangladesh raises fuel prices by up to 17% amid global oil price surge
Bangladesh has increased fuel prices by up to 17.4% to mitigate losses caused by rising global oil prices and regional instability. This move is expected to increase inflationary pressure on the country's economy.
Why it matters
Rising fuel costs in import-dependent economies can lead to significant inflation and impact key export sectors like garment manufacturing.
Bangladesh has raised fuel prices by up to 17.4%, piling fresh pressure on consumers and businesses already struggling with power and gas shortages, as the government moved to stem mounting losses from surging global oil prices and higher shipping costs linked to the West Asia conflict.
The new rates, effective from Monday (September 21, 2026), are expected to raise transportation and production costs across the import-dependent economy, adding to inflationary pressures at a time when industries, including the country’s key garment export sector, are already grappling with an acute energy crunch.
The Energy Ministry said international fuel prices had more than doubled since March 2026, while freight charges had risen significantly because of regional instability.
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