Oil price cut not on Govt`s mind
The government has no plan to cut oil price as fuel price is now showing an upward trend in the global market, State Minister for Power, Energy and Mineral Resources Nasrul Hamid told journalists at secretariat on Wednesday.
Finance Minister Abul Maal Abdul Muhith had previously said that the government would cut oil price step by step.
However, oil price is now showing upward trend in the global market and World Bank hinted it would continue in the next year.
Nasrul Hamid said, “The government has taken decision not to adjust oil price now as the price is being increased across the world.”
