Bangladesh raises fuel prices by 10-15% due to soaring global crude costs linked to the Iran conflict.

Bangladesh raises fuel prices by 10-15% due to soaring global crude costs linked to the Iran conflict.

Officials said the increase was unavoidable as rising crude prices, supply chain disruptions and higher freight and insurance costs pushed up import expenses in recent weeks.

Officials said the increase was unavoidable as rising crude prices, supply chain disruptions and higher freight and insurance costs pushed up import expenses in recent weeks.

April 15 (UPI) -- Prime Minister Mark Carney of Canada has announced a temporary suspension of the federal fuel excise tax amid ongoing instability in the oil market due to war in the Middle East.