Bangladesh hikes fuel prices by 50 pc, highest in history

DHAKA: Bangladesh has increased fuel prices by around 50 per cent, the highest hike since the country’s independence in 1971, local media reported on Saturday.
The sharp rise came up as a shock to the people who thronged filling stations on Friday night after the government announced the new prices, Dhaka Tribune reported.
In numerous videos shared on social media platforms, thousands were seen crowding the filling stations and jostling to get their vehicle tanks filled.
Meanwhile, several filling stations in Dhaka’s Mohammadpur, Agargaon, Malibagh, and other areas reportedly suspended their operations after the news broke, declaring their sales would resume after midnight when the new prices would come into effect, Dhaka Tribune reported.