The government has announced a reduction in diesel and kerosene prices by Tk 1.48 per litre, although consumers will see a price decrease of only Tk 0.75 per litre. Octane price has been cut by Tk 4.58, but the customers will enjoy a Tk 4 decline. After Value Added Tax and other taxes, petrol is Tk 3.63 cheaper, yet the benefit to consumers is a decrease of Tk 3. But before the new rates took effect on Friday, State Minister for Power, Energy and Mineral Resources Nasrul Hamid had hinted at “big changes” to fuel oil prices through automatic readjustment with the international market. Titu, the driver of a small passenger vehicle called Laguna who gave a single name, said they were waiting for a long time for a drop in fuel oil prices.
