India, April 19 -- Bangladesh on Sunday night raised fuel prices to a record high, as escalating tensions in the Middle East added pressure to global energy markets.

The price hike is expected to strain consumers, with the government increasing diesel by Tk 15 per litre, octane by Tk 20, petrol by Tk 19, and kerosene by Tk 18.

The Ministry of Power, Energy, and Mineral Resources issued an official notification announcing the new prices.

Energy Division spokesperson Monir Hossain Chowdhury said the government had attempted to maintain stable fuel prices for as long as possible, but persistent volatility in the global market made it untenable.

"Prices are fluctuating even within a single day. We tried to keep them stable, but the econom...