Inflation hit Bangladesh: Petrol and diesel prices increased by 52% for the first time since 1971, and angry people took to the streets

Posted on 8th Aug 2022 by rohit kumar

People in Bangladesh are troubled by inflation. Here the government has increased the prices of petrol and diesel by up to 52%. Angered by this, people protested in many places. According to media reports, prices have reached this level for the first time since independence in 1971.

 

The government says that due to the increased fuel prices in the international market, the prices of petrol and diesel have increased in the country. The prices of essential things are skyrocketing in our neighboring country Bangladesh. Now in the case of diesel petrol, the situation has become more serious.

 

angry people demonstrated

 

Due to the increase in the price of fuel, there was resentment among the people against the government. People said- The government has increased the price of petrol by 51.7 percent and that of diesel by 42 percent. So we are facing difficulties.

 

What did the government say?

 

The government says that in the last 6 months, Bangladesh Petroleum Corporation (state oil company) has suffered a loss of 8 billion taka (Bangladeshi currency). Here, due to the Russia-Ukraine war, fuel prices have increased in the international market. So there was no option but to breathe. As soon as the prices in the international market come down, the fuel prices in the country will also be reduced.

 

Inflation is worsening situation in Bangladesh

 

The inflation rate in the country has remained above 6 percent continuously for the last 9 months. Inflation in Bangladesh reached 7.48 percent in July.

 

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