DHAKA, Feb. 1 (Xinhua) -- The Bangladeshi interim government hiked the fuel prices with effect from Saturday adjusting the same with the global market.

According to a price notification from the country's Ministry of Power, Energy and Mineral Resources on Friday night, a liter of octane now costs 126 taka, one taka higher than the previous rate.

The prices of diesel and kerosene have been increased to 105 taka per liter from 104 taka. Each liter of petrol now costs 122 taka, a rise of one taka, said the notification.

Officials said the latest price adjustment was made under the automated pricing formula, aligning local fuel prices with global market trends to ensure an uninterrupted supply of petroleum products at an economically viable rate.

The Bangladeshi government has been adjusting fuel price every month on the basis of fuel price in global market since March 2024. (1 U.S. dollar equals to 122 taka) Enditem

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