Finance and Planning Minister Amir Khasru Mahmud Chowdhury has said the recent adjustment in domestic fuel prices was due to global market volatility, not any condition set by the International Monetary Fund.
Speaking to reporters at the finance ministry, he said the government delayed raising prices for as long as possible to protect citizens, despite mounting pressure on state finances.
He noted that fuel prices have surged worldwide, citing sharp increases in countries such as the United States and Sri Lanka, while Bangladesh kept adjustments relatively limited.
The minister said the decision was taken independently to manage budgetary pressures and sustain economic programmes.
He also clarified that ongoing engagements with the IMF, World Bank and Asian Development Bank are part of routine cooperation and not tied to the fuel price decision.
Emphasising public interest, he said the government would not accept any conditions that create undue pressure on people or businesses.
On inflation, the minister said fuel is only one factor, adding that supply and demand play a larger role. He expressed confidence that maintaining adequate reserves and steady supply would help limit the impact.
He added that international partners remain supportive, with upcoming visits from global lenders expected to strengthen cooperation in development initiatives.
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