The Iran-America peace talks (US Iran Ceasefire) have not yet yielded a solution. Due to which there has been extreme instability in the price of crude oil (Crude Oil Price). On Monday, the price of crude oil jumped again in the international market at the beginning of the week. Brent crude has crossed 108 taka per barrel. This has increased by 2.68 percent today. This financial institution has expressed concern about this. The government may increase petrol and diesel prices in stages, according to a report by Emkay Global, even then the government may not be able to cover the entire loss of oil marketing companies. This price increase may increase inflationary pressures and broader economic risks. If crude oil prices continue to rise in the medium term, the government will increase petrol and diesel prices in a well-planned and staged manner.
The brokerage firm said that if crude oil prices remain above $100 per barrel in the next two to three quarters, there is a possibility of several more fuel price increases. In such a situation, retail fuel prices may increase by Tk 18 to Tk 20 per liter in the next three to six months. MK believes that the possibility of a prolonged geopolitical stalemate in the Gulf region is very slim.
