Bangladesh announces fuel price jump, stokes inflation fears
DHAKA, Aug 6 (Reuters) - Bangladesh raised fuel prices by around 50% on Saturday, a move that will trim the country's subsidy burden but put more pressure on inflation that is already running above 7%.
The South Asian country's $416 billion economy has been one of the fastest-growing in the world for years.
However, soaring energy and food prices due to the Russia-Ukraine war have inflated its import bill, forcing the government to seek loans from global agencies, including the International Monetary Fund.