Dhaka, April 19 -- A section of petrol pump owners have welcomed the government's decision to increase the price of fuel oil.

Adjusting prices in line with rising global market prices will reduce stockpiling and bring about greater transparency in sales, said Bangladesh Petrol Pump Owners Association Member Secretary Mir Ahsan Uddin Parvez on Sunday.

Afterwards, Parvez told bdnews24.com that the unusual queues seen at pumps despite the increase in supply had led the association to believe that a group was hoarding oil beyond the amount necessary. He said the raised prices may cause that trend to decline.

The government supplied more oil in March this year compared to last year, he said. Despite this, long queues of motorcycles, cars an...