India, March 27 -- Bangladesh's annual fossil fuel import bill is projected to surge by $4.8 billion, marking a 40 percent increase from 2025 levels, amid the ongoing Middle East crisis, according to a new analysis by Zero Carbon Analytics (ZCA).

The report warns that the rising costs of oil, gas, and coal could amount to 1.1 percent of Bangladesh's 2024 GDP if current elevated price levels persist for a full year. The country currently spends around $12 billion annually on energy imports, according to government data cited by The Daily Star.

Researchers at ZCA noted that the situation mirrors earlier global shocks, particularly the economic fallout from Russia's invasion of Ukraine.

"This type of crisis is repeating itself, echoing th...