Dhaka: Power, Energy and Mineral Resources Minister Iqbal Hassan Mahmood today said that there is sufficient fuel oil in stocks and there will be no crisis of fuel oil. He also stated that there is no decision to increase the price of fuel oil at the moment. The minister made these remarks while speaking to reporters at his office at the Bangladesh Secretariat this morning.
According to Bangladesh Sangbad Sangstha, Minister Iqbal Hassan Mahmood assured the public of the country’s stable fuel oil reserves, addressing concerns about potential shortages. He emphasized that the current stock levels are adequate to meet the nation’s demands. The minister reiterated that the government has no plans to raise fuel prices in the near future, aiming to maintain stability in the energy sector.
Minister Mahmood’s comments come amid rising global fuel prices, which have sparked fears of potential price hikes domestically. However, his assurance provides relief to consumers and businesses reliant on fuel oil for their operations. The minister’s confirmation of stable fuel prices aligns with the government’s efforts to manage energy resources efficiently and ensure uninterrupted supply.