Tag: price hike

Another Indian neighbour is in financial turmoil now situation there is quite similar to Sri Lanka the currency is falling here, foreign reserves are depleting, the trade deficit is widening as well inflation is skyrocketing the economic wars have forced Sheikh Hasina's government to take a drastic step now over the weekend it hiked prices of diesel and petrol the most significant hike it is since the country got independence. Last week the sheikh Hasina government raised fuel prices by a record margin. The cost of petrol was hiked by 51 per cent and the cost of diesel by 42. This is the most significant price hike since Bangladesh got independence, which triggered the global rise in oil prices. It has destabilised Bangladesh's energy market. The state-run Bangladesh petroleum corporati...