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05 December 2023

Business Insider Bangladesh

PM Hasina asks to find a way to import fuel oil from Russia

BI Desk || BusinessInsider

Published: 20:04, 16 August 2022  
PM Hasina asks to find a way to import fuel oil from Russia

Photo: Representational

Prime Minister Sheikh Hasina on Tuesday instructed authorities concerned to find out a way for importing fuel oil from Russia amid fuel crisis in the country. 

“Due to the Russia-Ukraine war, people are suffering because of the increase in global oil prices. This is becoming a problem. In the current situation, India and other countries are buying oil from Russia - so we have to see if we can buy. For this, we have to find a way,” Quoting the Prime Minister, Planning Minister MA Mannan told the media after ECNEC meeting, reports Bangladesh Sangbad Sangstha.

Mannan informed that in the current situation, the Prime Minister said to find a way to buy fuel directly from Russia. “Russia says they will go to currency swap. We may have to negotiate with Russia and find out a policy,” he added.

Revealing some of the directives from the prime minister in the meeting, the planning minister said Prime Minister Sheikh Hasina has directed to take action against those responsible for the Uttara crane accident.

He said the Prime Minister is shocked by the Uttara incident. “Everyone from the project manager to the contractor should be brought under investigation.  Those responsible must be punished,” the planning minister quoted the PM as saying.

Five people including two children were crushed to death after a 50-60 tonne girder of Bus Rapid Transit-3 (BRT) Elevated Expressway fell on a car at Uttara’s Jasimuddin road on Monday (15 August).

Highlighting the recent economic data, Mannan said that the steps taken by the government in the current situation are doing well for the country’s economy. 

“Currently foreign exchange reserves are close to $40 billion, remittance inflows are positive. Remittance inflow witnessed 10 percent higher than the same period of the last year. Export growth and revenue collection are also good. Considering all the factors, we think - we will not fall into the ditch but we will improve this situation,” he added.

The minister expressed hope that there will be no load shedding from September.