BM Desk : Financial Advisor Dr. Salehuddin Ahmed stated that the Iran-Israel conflict is being watched and that “we will wait more before increasing the price of fuel oil.” As of right now, we can see that if the battle drags on for a long period, it will affect us.
He made this statement in response to a query from media following the Advisory Council Committee on Government Procurement and the Advisory Council Committee on Economic Affairs meeting on Tuesday, June 17, in the Cabinet Division conference room at the Secretariat.

“We are keeping an eye on the Iran-Israel war,” the Financial Advisor remarked in response to a question about whether the continuing conflict between Iran and Israel will affect the price of fuel oil in our nation. As we’ve already observed, it has somewhat increased. But it hasn’t had an impact on the ones we ordered.
“We are keeping an eye on the price of LNG and gas, and we will take that into consideration,” he said. The old pricing is coded for the LNG import that we authorized today. We are fortunate to be able to get it for the earlier price.
We are observing for the time being, he added. Our profession will be affected if the conflict drags on longer.

The financial advisor responded, “The Ministry of Energy is definitely thinking of alternatives if the war lasts longer,” when asked if he is considering other options. due to our heavy reliance on LNG. Shipping, fertilizer, and fuel will all be impacted by the battle. It could have an impact on ships passing through the Strait of Hormuz. The war appears to be short-lived.