Dhaka - Reported troop movements near the border between Bangladesh and Myanmar, apparently resulting from a disagreement over offshore oil and gas rights, have ramped up tensions in the area.
Border forces along the Bangladeshi south-eastern border with Myanmar's Rakhain state were put on red alert Saturday after reports of Myanmar troop deployment on the other side of the border.
Yangon - Myanmar has rejected a demand by Bangladesh to stop offshore oil exploration in a disputed area in the Bay of Bengal, state media reports said Friday.
The Myanmar government announced it would continue exploration in the Rakhaing offshore block AD-7 despite Bangladesh's claim to the area, according to state-run TV and newspapers.
Myanmar claimed the AD-7 block was within the special economic zone of Myanmar territorial waters and that the demand by Bangladesh was unlawful and wrong.
In order to support the local airline firms the government scrapped basic customs duty of 5% on the fuel on Friday.
Following suit, the Oil Companies reduced jet fuel prices by Rs 2,100 per kilolitre. Ever since October, the oil companies have reduced jet fuel prices by over 16 percent in response to the fall in international prices. The price cut will be effective from midnight of 3 November. The fuel will now sell at Rs 44,965.70 a kilolitre in Delhi and Rs 46, 518.85 a kilolitre in Mumbai.
Dhaka - Reported troop movements near the border between Bangladesh and Myanmar, apparently resulting from a disagreement over offshore oil and gas rights, have ramped up tensions in the area.
Vienna - The oil cartel OPEC said Friday th
Yangon - Myanmar has rejected a demand by Bangladesh to stop offshore oil exploration in a disputed area in the Bay of Bengal, state media reports said Friday.
Vienna - OPEC said Thursday t
In order to support the local airline firms the government scrapped basic customs duty of 5% on the fuel on Friday. 
