The Dhaka Chamber of Commerce and Industry (DCCI) has welcomed the interim government's recent decision to lower fuel oil prices across all stages, in line with international market adjustments.
DCCI President Ashraf Ahmed commended the government’s timely intervention, asserting that this measure will lead to a reduction in production costs within both the agricultural and industrial sectors, and is expected to positively affect the transport industry as well, said a press release.
Recently, high energy costs and disruptions in electricity and gas supplies have led to increased production and marketing expenses in the industrial sector.
This surge in costs has, in turn, escalated the overall expense of doing business within the country.
Additionally, elevated energy prices have contributed to inflation, exacerbating the cost of living and increasing the burden on the general populace.
The recent reduction in energy prices is anticipated to lower production costs to some extent, thereby enhancing competitiveness in the international market.
DCCI hopes that this initiative will significantly contribute to reducing inflation.
