Bad management, 'erroneous' calculations behind fuel oil crisis: traders - News Summed Up

Bad management, 'erroneous' calculations behind fuel oil crisis: traders


Fuel traders say the pressure on Bangladesh’s fuel supply, particularly petrol and octane, is not driven by the crisis in the Middle East but rather by flawed government management and what they describe as “erroneous” calculations. The association argued that the decision to limit fuel sales was unnecessary and served only to ignite public anxiety. The traders warned that the current “quota” system has made fuel distribution commercially unviable. Many pumps have stopped collecting oil altogether because it is “unprofitable and ineffective,” the statement added. The association urged the government to replace daily quotas with weekly allocations and to adjust supply based on actual demand fluctuations.


Source: bd News24 March 12, 2026 15:26 UTC



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