Published 13 days ago • loading... • Updated 7 days ago

Bangladesh shuts universities early to save power amid energy crisis

From March 9, Bangladesh authorities ordered all public and private universities closed, bringing forward the Eid al-Fitr holidays to cut campus electricity use and ease traffic-related fuel waste.
Facing heavy import dependence, Bangladesh, a nation of 170 million people, imports 95 percent of its oil and gas and imposed daily fuel-sale limits on March 6 after panic buying amid the Middle East conflict.
Enforcing measures, authorities authorised mobile courts in Dhaka to charge fuel rule breaches, and Home Minister Salahuddin Ahmed said, 'Traditionally we have decorative lighting and illuminations on Independence Day and other national days, but this time we will refrain from that, as part of the austerity measures'.
As a result, Bangladesh has bought LNG on the spot market at sharply higher prices while seeking more cargoes, and the BPC said cutting fuel use by 25 percent would leave 14 days of diesel.
Long queues formed and traffic backed away from filling stations in Dhaka and other cities for a second day on Monday, while officials asked police and army to secure stations and urged the public to stop panic buying.

Insights by Ground AI

53 Articles

Oil Industry Warns Fuel Crunch Will Likely Worsen

“American oil executives delivered a bleak message to Trump officials in recent days: The energy crisis the Iran war has unleashed is likely to get worse,” the Wall Street Journal reports.

7 days ago·New York, United States

Read Full Article

आज तक

Lean Right

Warning for Trump: Oil Industry Warns Trump: the Crisis Will Worsen, and This Is the only Solution.

Oil Crisis Warning for Trump: The adverse effects of the war in the Middle East are being felt globally in the form of an oil and gas crisis. Now, American oil companies have issued a significant warning to Trump.

7 days ago

Read Full Article