The government's decision to impose an astronomic hike in fuel prices is irrational as it comes at a time when the general public is losing its purchasing power amid record inflation following the hardships brought on by Covid-19.
The burden of the arbitrary, overnight leap in fuel prices will be borne by the people, and the low-income group and the middle class will feel it in their bones.
In light of the government's latest decision to increase prices of fuel across the country from today (August 6), let's have a look at fuel prices (per litre) in the major economies of the world as well as Bangladesh's neighbouring countries.
In the wake of fuel price hike in the country, The Daily Star spoke to Nasrul Hamid, state minister for power, energy and mineral resources, to discuss the situation.