Dhaka - Bangladesh's government on Monday announced further cuts in the prices of major fuel oils, reacting to recent drops in international oil prices.
The price cuts will range from between 3.75 to 5.13 per cent, depending on the product. Items affected include diesel, kerosene, octane and petrol. The new prices take effect at midnight Monday (1800 GMT).
The cut is a "temporary adjustment" to match the recent fall in international oil prices to below 40 dollars a barrel, said M Tamim, a junior energy minister.