1000’s of distressed Bangladeshis took to the streets in protest in opposition to the federal government’s resolution to hike gas costs by almost 52 per cent amid dwindling overseas reserves.
The Sheikh Hasina authorities elevated petrol costs by 51.2 per cent to $1.38 a litre, 95-octane gasoline by 51.7 per cent to $1.44 and diesel and kerosene by 42.5 per cent. The hike has been touted to be the very best because the nation’s independence in 1971.
Whereas the South Asian nation’s $416bn economic system has been one of many fastest-growing on the earth for years, the hike in gas costs is prone to put extra stress on its inflation, which hit 7.48 per cent in July.
