Prime Minister’s Adviser on Information and Broadcasting Dr Zahed Ur Rahman on Wednesday said fuel oil prices may need to be increased if ongoing geopolitical tensions in the Middle East continue for a prolonged period.
He made the remarks at a press conference at the Press and Information Department on Wednesday, April 15.
Dr Zahed Ur Rahman said renewed actions by the United States to block ships linked to Iran could further strain the global energy supply.
“If this continues for a long time, the situation will really worsen. It will be difficult to maintain subsidies indefinitely,” he said.
However, he iterated that the government will not raise fuel prices in April.
“If the situation persists, some price adjustments may become necessary,” the adviser added.