‘Govt plans to reduce fuel oil prices soon’

Finance Minister Abul Maal Abdul Muhith indicated that the government is going to reduce fuel oil prices soon in order to strengthen the country`s economy.

A decision in principle in this regard will be finalised soon, the minister said, reports bdnews24.com.

"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…," 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.