In a significant move, Bangladesh has raised retail fuel prices by 10% to 15%, with petrol now priced at 135 taka ($1.10) per litre. This decision comes in response to a sharp rise in global crude oil prices and supply chain disruptions caused by the ongoing conflict in the Middle East. The energy ministry highlighted that the increase was necessary as the rising costs of imports have strained the country's foreign exchange reserves. Despite previous efforts to mitigate the impact on consumers through subsidies and stock controls, these measures have become increasingly difficult to maintain. The price hike is expected to exacerbate inflation, particularly in sectors reliant on diesel, such as transport and agriculture, potentially leading to higher food prices and overall living costs. Bangladesh joins several other nations adjusting fuel prices in light of soaring global oil markets.