Dhaka: Power, Energy and Mineral Resources Minister Iqbal Hassan Mahmood Tuku addressed Parliament, emphasizing that the current challenges in Bangladesh’s energy sector stem not from a shortage but from fuel hoarding and panic buying.
According to United News of Bangladesh, the Minister assured that there is no shortage of fuel in the country, highlighting that the supply has actually increased compared to the previous year. This statement was made under Section 300 of the Rules of Procedure, amidst concerns about panic buying due to the ongoing Middle East conflict.
Iqbal Hassan Mahmood stressed that the government has ensured a higher fuel supply this year, surpassing last year’s figures. He noted that the sudden rise in fuel consumption could not logically be attributed to actual demand, but rather to a rising tendency for hoarding. Despite adequate supplies, excessive purchasing and illegal hoarding disrupt normal distribution.
The Minister urged citizens to trust the system and avoid unnecessary purchases, hoarding, or wastage of energy. He called for public cooperation to address the current energy challenges, stressing the importance of raising awareness and curbing illegal connections.
The government’s comprehensive measures aim to maintain uninterrupted energy supply despite global uncertainties. The Minister acknowledged international conflicts and geopolitical tensions, particularly in the Middle East, that have affected global energy systems. However, he assured that under Prime Minister Tarique Rahman’s directive, the government has effectively managed the situation.
In his address, Iqbal Hassan highlighted that when the government took office on February 17, 2026, diesel stock was at 206,000 metric tons, which increased to 218,000 metric tons by March 30, 2026. This increase was achieved despite selling over 482,000 metric tons of diesel in just 41 days, thanks to advance imports and effective management.
The government has implemented measures to ensure continuity in transportation, agriculture, industry, and business activities ahead of Eid-ul-Fitr. Based on March 2025 demand, an additional 10 to 25 percent fuel supply was ensured in March 2026 to prevent crises or artificial market pressures. Despite last year’s daily diesel demand of around 12,000 metric tons, this year’s purchases indicate hoarding rather than genuine demand growth.
To combat illegal hoarding and smuggling, the government has conducted 3,168 mobile court operations, filed 153 cases, imposed fines, and sentenced 16 individuals to imprisonment. Authorities have also seized significant quantities of diesel, octane, and petrol.
The Minister warned of tougher actions against hoarders and smugglers, emphasizing the importance of public and national security. He assured that fuel import arrangements are in place to ensure supply continuity, with plans to import and source additional fuel locally.
Despite international price hikes, the government is maintaining stable fuel prices, with diesel, octane, and petrol sold below market rates. Substantial subsidies are provided to protect consumers, reflecting the government’s commitment to standing by the people during global crises.
Iqbal Hassan highlighted that while many countries face energy emergencies, Bangladesh has managed to keep its transportation, industries, agriculture, education, and business activities running smoothly.