Dhaka, Apr 10 (V7N) – Finance and Planning Minister Amir Khasru Mahmud Chowdhury has warned that Bangladesh may need to provide an additional Tk 36,000 crore in fuel subsidies due to instability in the global energy market triggered by the ongoing Middle East conflict.

He made the statement under Rule 300 in the National Parliament on Friday (April 10).

The minister said the ongoing conflict in the Middle East has disrupted global energy markets, creating volatility in fuel prices. As a result, Bangladesh’s electricity and energy sectors are facing increased financial pressure.

“This situation may require an additional subsidy of Tk 36,000 crore, which will put pressure on both the national budget and foreign exchange reserves,” he said.

Highlighting the government’s response, Amir Khasru said several steps have been taken to manage the crisis. These include:

  • Encouraging energy conservation among citizens
  • Maintaining partial price adjustments to reduce public suffering
  • Strengthening financial discipline across sectors

He noted that as an import-dependent economy, Bangladesh is particularly vulnerable to global fuel price fluctuations.

The minister also said that preparations for the 2026–27 fiscal budget are underway, focusing on maintaining economic discipline while addressing external shocks.

Despite the challenges, he expressed optimism:

“Although the economic pressures are deep and multidimensional, a solution is possible through good governance, reforms, and public participation.”

END/SMA/AJ