Following the criticism that Bangladesh Petroleum Corporation made profits earlier but did not decrease fuel prices and now when they are at loss, they hiked the prices, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said BPC used its profits in various development projects.
Oil rose slightly on Tuesday, paring earlier losses and after soaring by more than $5 barrel in the previous session, amid concerns about tight supply.
Motorists in the United Kingdom on Monday, July 4, targeted motorways in Wales, Essex and Devon to protest against high fuel prices. Police earlier warned of "serious disruption throughout [.]
The government insists it has already cut fuel duty once, and is offering other financial support for the public, while blaming Russia for igniting the rapid rise in energy prices.