Khosru urges fuel austerity

CHATTOGRAM, April 3 (BSS) : Finance Minister Amir Khosru Mahmud Chowdhury on Friday called for strict adherence to government-declared fuel austerity measures in response to the global energy crisis triggered by the ongoing Middle East war.

"The conflict in the Middle East has evolved into a global crisis, with its ripple effects driving up oil prices and creating supply shortages worldwide. The government has already taken preventive austerity measures and people from all walks of life must cooperate to address the situation," he said.

The minister made the remarks while briefing journalists after attending as chief guest the certificate awarding ceremony of the "Youngone-CIU Academic Excellence Scholarship-Spring-2026" at the conference room of Korean Export Processing Zone (KEPZ) in Anowara.

Hinting at a possible revision of domestic fuel prices, Khasru said that although there is currently no shortage of fuel in the local market, sustaining existing prices remains a concern due to the high cost of imports.