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Find a way to import fuel oil from Russia: PM

News Desk |
Update: 2022-08-16 20:02:49
Find a way to import fuel oil from Russia: PM

Prime Minister Sheikh Hasina today (Aug 16) instructed authorities concerned to find out a way for importing fuel oil from Russia. 

Quoting the Prime Minister, Planning Minister MA Mannan said: "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." 

MA Mannan told the media about the PM's directives after the ECNEC meeting.

Mannan also said 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.

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. 

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

"Currently foreign exchange reserves are close to US$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," the Planning Minister added.

BDST:2002 HRS, AUG 16, 2022

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