Md Nazrul Islam

With Eid approaching, the artisans of the port city’s Bihari Palli, who specialise in zardozi and karchupi work (intricate designs done by hand with beads and metal thread embroidery) are working day and night to straighten out their orders at different boutiques of the region.

The runaway fuel oil and gas price in the international markets has already hit Bangladesh’s foreign exchange reserves and intensified pressures on the exchange rate amid the escalation of imports at higher prices.

The far-reaching implications of an ongoing rally in oil prices amid Russia’s invasion of Ukraine have already descended on Bangladesh as the state-owned Bangladesh Petroleum Corporation (BPC) is losing Tk 19 crore per day.

Water prices in the capital are set to see a sharp rise after Dhaka Wasa yesterday said that it wants the government to approve a “20 percent hike” in tariffs.

The government is counting a loss of Tk 12.40 crore per day in selling diesel to customers as the price of the most-consumed fuel in Bangladesh is on the rise in the global markets.