Bangladesh has approached the International Monetary Fund (IMF) for a multibillion-dollar loan, making it the third South Asian country – after Sri Lanka and Pakistan – to have sought financial help from the multi-lateral lender in the past two months.
Sporadic protests erupted in several of Bangladesh’s cities on Saturday in response to a significant rise in oil and gas prices. After the price rise, public transport fares also rocketed up to 35 percent. Several organizations related to transportation have suspended their operations for 24 hours and declared their sales would resume on Monday.
The Bangladesh Tank-Lorry Owners’ Association and the Petrol Pump Owners’ Association staged a 24-hr strike on Sunday. They stopped collecting fuel from the Padma, Meghna, and Jamuna depots – major oil repositories for the country in the Khulna division.
“The strike started at 8am and will continue until 8am on Monday,” Md Farhad Hossain, an official of Bangladesh Tank-Lorry Owners’
The association has been demanding 7.5 percent commission on the present fuel price.