Tag: South Asia economy

Bangladesh raises fuel prices again as energy strain deepens amid global pressure

Bangladesh raises fuel prices again as energy strain deepens amid global pressure

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Bangladesh has increased fuel prices for the second time in just six weeks, reflecting ongoing financial stress linked to global energy disruptions and rising import costs driven by geopolitical tensions in the Middle East. The government, which relies on imports for around 95 percent of its fuel supply—mostly sourced from the Middle East—adjusted prices in […]

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Sri Lanka announces electricity tariff hike as Middle East conflict drives energy costs higher

Sri Lanka announces electricity tariff hike as Middle East conflict drives energy costs higher

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Sri Lanka is set to increase electricity tariffs by as much as 18 percent starting Monday, as the country struggles with rising energy production costs linked to the ongoing conflict in the Middle East. According to the Public Utilities Commission, the increase will mainly affect high-volume electricity users consuming more than 180 kilowatt hours per […]

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