Diesel price hiked by Tk34 per litre, Octane by Tk46

The price of fuel oil has increased by the government by 42.5 percent to 51.6 percent, the highest level in 20 years.

On Friday night, the Energy and Mineral Resources Division increased the prices of octane and gasoline by Tk46 per liter to Tk135 and diesel and kerosene by Tk34 per litre to Tk114.

According to a press release from the Ministry of Power, Energy and Mineral Resources on Friday evening, the new pricing went into effect at 12am on Saturday.

At a time when global oil prices are trending downward, the administration announced the increase. Friday's Brent crude price was $95.50 per barrel. A few weeks ago, the price of a barrel reached $129.

The most recent price increase since 2001, according to authorities at the Energy and Mineral Resources Division and Bangladesh Petroleum Corporation (BPC).