A decision in principle to reduce fuel oil prices in order to strengthen the country’s economy will be finalised soon, Finance Minister AMA Muhith has indicated. “The issue of cutting down on oil prices was discussed at a coordination council meeting. Now we will prepare the papers and send those to the energy ministry,” Muhith said on Thursday. “The matter will be finalised after discussions with the prime minister when she returns,” he told reporters after a delegation of the International Monetary Fund met him at the Secretariat on Thursday. Prime Minister Sheikh Hasina returned home earlier in the day after attending the COP 22 UN Climate Change Conference at Marrakesh in Morocco.
On Monday, the Fiscal Coordination Council decided in principle to reduce fuel oil prices. The decision, according to media reports, will come into effect next month.
