No Rise in Commodity Prices Despite Fuel Price Hike Minister

The Commerce Minister has said there is no scope for an increase in the prices of daily essentials due to the rise in fuel prices.

Textiles Jute and Commerce Minister Khandaker Abdul Muktadir made the remarks while speaking to journalists after visiting the Knit Industrial Park at the site of the former Chittaranjan Cotton Mill in Godnail, Siddhirganj, Narayanganj on Saturday at around 11:00 am.

He said production has not been disrupted and exports have not fallen due to fuel price changes. According to him, the global slowdown in exports is a key factor behind current market conditions. He also noted that electricity is supplied to private industries based on production needs.

The minister urged investors to establish less fuel-dependent industries in the future instead of energy-intensive factories. He also said there is no scope for a sharp rise in bus fares or essential commodity prices due to fuel price adjustments, calling for continued vigilance.

He added that industries have been set up in two BTMC industrial plots, while two more are in the process of being taken over by the same organisation. Some remaining plots are facing encroachment issues, which the government plans to resolve for further investment.

State Minister Md. Shariful Alam, BTMC Chairman Brigadier General SM Zahid Hasan, Project Director (PPP) Kazi Firoz Hossain, Deputy Chief Accountant Rafiqul Islam, Narayanganj Deputy Commissioner Md. Raihan Kabir, and Barnali Collection and Textile Limited Managing Director Aminur Rahman Sabbir were present during the visit.