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In a move to ease the cost burden on consumers, the government has once again cut fuel prices for the domestic market, effective June 1.
According to a gazette notification issued on Saturday by the Ministry of Power, Energy and Mineral Resources, the prices of diesel, petrol, and octane have all been reduced, providing some relief amid sustained inflationary pressure.
Under the new pricing, diesel will now be sold at Tk102 per litre, down from Tk104. Petrol has been reduced to Tk118 per litre from Tk121, while octane will now cost Tk122 per litre instead of Tk125. The price of kerosene has also been revised and set at Tk114 per litre.
This marks the second consecutive month that the government has decreased fuel prices.
In May, fuel prices were reduced by Tk1 per litre. In April, prices for all types of fuel—petrol, octane, diesel, and kerosene—remained unchanged.
These adjustments fall under the government’s automated fuel pricing mechanism, introduced in March 2024, which ties domestic fuel prices to international market rates. Prices are now revised on a monthly basis, based on fluctuations in global oil prices and other relevant factors.
As outlined in the official guidelines issued on February 29, 2024, petrol and octane—primarily used in private vehicles—are categorized as luxury fuels and are therefore priced higher than diesel, which is more widely used in public transport, agriculture, and industrial freight.
Meanwhile, the pricing of jet fuel for aviation continues to be regulated by the Bangladesh Energy Regulatory Commission (BERC), while the Bangladesh Petroleum Corporation (BPC) adjusts the price of furnace oil used in power generation.
The Energy and Mineral Resources Division sets the prices of diesel, kerosene, petrol, and octane.
This latest round of price cuts comes as part of the government’s broader effort to manage inflation and respond to growing public demand for reductions in energy costs.
However, it remains to be seen whether the adjustments will lead to noticeable changes in transportation fares or broader consumer prices in the weeks ahead.
