Bangladesh raises fuel prices by up to 17% amid global oil price surge

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.