Soaring oil prices bring trouble to Bangladeshi economy

Soaring oil prices in the global market have already started biting the economy of Bangladesh, witheconomists and business leaders calling on the government to act promptly to cope with the situation.

They suggested the government go for austerity measures to cope with the negative impact of soaring oil prices, which touched the highest ever 67 US dollars a barrel last week.

They also felt that the government should extend the weekly holidays to two days and change the office timing as immediate measures and suitable steps that will cut fuel cost as there is a prediction that oil price would go up to 75 dollars a barrel.

China View