Dhaka, April 20 -- The latest increase in fuel prices will not significantly drive up inflation, Commerce Minister Khandakar Abdul Muktadir has told parliament.

On Monday, he defended the government's decision as a "moderate adjustment" in line with global trends.

Responding to lawmakers' concerns over inflationary pressure following the recent hike, Muktadir said the increase was relatively lower compared with many other countries and would therefore have only a limited effect on production and transportation costs.

"The price increase is relatively lower than in other economies," he said in the House, adding that its impact on the broader cost structure would remain contained.

His remarks aligned closely with Finance Minister Amir K...