Tag: price hike

Fuel price hike to hamper business recovery: SANEM

- Times Report -

The fuel price hike will hamper the ongoing business recovery of the country from the loss of Covid-19, according to South Asian Network on Economic Modeling (Sanem). Sanem Executive Director Dr Selim Raihan made the remark on Wednesday announcing the results of the organisation's 6th level survey to verify the confidence

People struggle to breathe amid growing prices of essentials

- Kamal Ahmed -

The majority of general people in the country affected by the Covid pandemic are already in dire financial straits. The official inflation rate is now 5.8 per cent. But the reckless rise in prices of daily commodities is in fact many times higher than this calculation of inflation. According to

Day 2 of Bus Strike: Commuters’ pain is auto drivers’ gain

- Times Report -

Commuters had a harrowing time on Saturday morning as the indefinite nationwide strike of bus owners and transporters entered the second day. The bus, truck and van owners decided to go on a strike from Friday in protest against fuel price hike in Bangladesh. In the capital, all buses -- intra and

BPC records 50pc spike in oil sales just before price hike

- Times Report -

The Bangladesh Petroleum Corporation (BPC) registered up to 50 per cent rise in sales of furnace oil, diesel and kerosene on November 3 just before the newly hiked prices of the fuel oils came into effect. On November 3, the sales of furnace oil from different depots of BPC increased over

Commuters suffer as buses stay off roads

- Times Report -

People who depend on public vehicles for their daily commute have been hit hard, as bus owners and transporters began an indefinite nation-wide strike on Friday morning in protest against fuel price hike. In Dhaka, not a single long-distance bus or and goods carrying vehicle has left any terminal since Friday

Fuel Price Hike: Nationwide transport strike from Friday

- Times Report -

Owners and workers of public and cargo transports have announced to go on a nationwide strike from Friday morning protesting the hike in diesel oil price that came into effect Thursday. Bangladesh Truck-Covered Van Owners Association President Md Tofazzal Hossain Majumder and Bangladesh Road Transport Owners Association Executive President Rustam Ali

Yarn manufacturers commit to check unusual price hike

- Times Report -

Local yarn manufacturers have decided to check unusual price hike of yarn in the domestic market and committed not to increase yarn prices quoted in the proforma invoices (PI) issued on August 10, said a press release. The assurance came after the leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA),