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Finance Minister Amir Khasru Mahmud Chowdhury on Friday called for strict adherence to government-declared fuel austerity measures in response to the global energy crisis triggered by the ongoing Middle East war.
"The conflict in the Middle East has evolved into a global crisis, with its ripple effects driving up oil prices and creating supply shortages worldwide. The government has already taken preventive austerity measures, and people from all walks of life must cooperate to address the situation," he said.
The minister made the remarks while briefing journalists after attending as the chief guest the certificate awarding ceremony of the "Youngone-CIU Academic Excellence Scholarship-Spring-2026" at the conference room of Korean Export Processing Zone (KEPZ) in Anowara this afternoon.
Hinting at a possible revision of domestic fuel prices, Khasru said that although there is currently no shortage of fuel in the local market, sustaining existing prices remains a concern due to the high cost of imports.
He noted that the energy crisis is not limited to Bangladesh but has become a global challenge, affecting countries including the United States, as many nations depend on Middle Eastern supplies to meet domestic demand.
He added that the government is maintaining communication at the international level to help mitigate the situation.
"We must ensure energy security at any cost. There is no scope for compromise on this issue," the minister said.
Highlighting the government's recent achievements, he said efforts are underway to maintain uninterrupted supply chains and stressed the need for collective cooperation to overcome the challenges.