The impact of the fuel price hike on public life has begun to be felt immediately after the announcement. Just a day after the fuel price hike, the gas price hike has put a new strain on middle-class and lower-middle-class families.
On the other hand, drivers in the transportation sector say they have no other option but to adjust fares to manage costs.
According to sources from the Ministry of Power, Energy and Mineral Resources, the government has adjusted oil prices due to the increase in fuel oil prices in the international market, pressure on import costs, and increased pressure on foreign exchange.
Those concerned say that the decision had to be taken considering the instability in the global market and the impact of the Middle East situation. Moreover, the pressure of state subsidies was increasing due to the increase in the cost of fuel imports.
Price adjustments were necessary to deal with that pressure.
We visited different areas of the capital and talked to people from various professions.
They say that when the price of fuel increases, transportation fares first increase, then the prices of daily necessities gradually increase. But income does not increase in comparison.
Rubel, a local motor parts seller in the capital’s Dolaipar area, said, “As soon as the news of the increase in oil prices comes, the prices of various things, including daily necessities, increase several times. We cannot suddenly increase the prices of our products or the cost of work whenever we want. As a result, it becomes difficult for people like us to earn a living.”
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