Bangladesh raises fuel prices by up to 17.4% to offset losses from Middle East conflict

On September 21, 2026, Bangladesh raised fuel prices by up to 17.4% to offset losses from surging global oil prices and higher shipping costs linked to the Middle East conflict. Diesel rose to 135 taka per litre, petrol to 160 taka, and kerosene to 155 taka. The government expects the hike to cut annual losses for the state-owned Bangladesh Petroleum Corporation by about 100 billion taka. Exporters expressed concern that higher fuel costs will increase inflation and production costs, adding pressure on manufacturers already facing energy shortages.