Expressing hope that the prices will come down, he said that earlier the agencies were asked why they do not reduce the prices in the domestic market when the prices come down in the global market. Now that the matter has been resolved; Prices will be adjusted regularly. If the price increases again in the global market, adjustments will be made accordingly. If it decreases further in the next month, the price in the country will also reduce. Fuel oil prices in neighboring India are adjusted daily. The Minister of State told the media that many countries fix different rates for different cities.
However, Minister of State Nasrul Hamid stressed that the price of fuel oil in the neighboring country should also be taken into account. He said the price of diesel in Kolkata is Tk 133 per liter while in Bangladesh the price is Tk 109.
Stating that there is a danger of smuggling of oil if the price of oil is very low in the country, he said this should also be considered. If prices become more affordable, apprehensions will increase, he said.
