Prime Minister’s Adviser on Information and Broadcasting Zahed Ur Rahman has said that the recent increase in electricity prices is unlikely to have a significant impact on the market, assuring that the government will take action against any unjustified price hikes.
Speaking at a press briefing at the Department of Information conference room at the Secretariat on Saturday, Rahman responded to questions from journalists regarding the rationale behind increasing fuel and electricity prices ahead of the national budget announcement.
He acknowledged concerns that commodity prices often rise around the time of the budget but noted that prices of many essential goods, particularly vegetables and other fresh produce, have remained relatively stable compared with previous periods.
Rahman said the government faces growing subsidy pressures and must balance spending priorities. He emphasized that resources are needed for development projects, healthcare, education, and social safety net programs, including farmer and family card initiatives.
“We cannot continue spending excessively on subsidies while also meeting the funding requirements of key development and welfare programs,” he said.
The adviser stressed that vulnerable groups have been protected from the latest utility and fuel price adjustments. According to him, electricity and fuel prices for low-income consumers have not been increased, and many beneficiaries will continue to receive government allowances and support.
He also highlighted plans to expand the Family Card program in the upcoming budget, which he said will help cushion the impact of higher costs on lower-income households. Existing social safety net measures, including programs operated by the Trading Corporation of Bangladesh (TCB), will remain in place.
Rahman expressed confidence that the price adjustments would not have a major effect on the broader economy. However, he reiterated that the government remains vigilant against unjustified increases in market prices.
“The government will certainly take action if there are any unfair price hikes in the market,” he said.
