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Dhaka's Energy Crisis: Rationing, Early Closures Hit Nation
11 Apr
Summary
- Bangladesh implements fuel rationing and early shop closures due to energy crisis.
- Thousands of fishermen idle as fuel shortage grounds fishing trawlers.
- Government considers hybrid schooling to reduce traffic and conserve fuel.
Bangladesh is facing a significant energy crisis, leading to rationing and early closures of businesses. The situation is exacerbated by the Middle East conflict, impacting fuel supply chains. Thousands of fishermen are idle as their trawlers remain docked due to a severe fuel shortage, leading to financial hardship and reduced fish supply in local markets.
The government has introduced measures to stabilize supply, including early closing times for shopping malls and plans to build a three-month fuel reserve. A hybrid education system is also being considered for metropolitan areas to decrease traffic congestion and conserve fuel.
Officials maintain that while there are supply pressures, the country has adequate fuel stocks. However, local experts suggest the strain is unlikely to ease soon due to global uncertainties and domestic demand. Concerns about electricity supply in the upcoming summer are also rising due to potential shortages of gas, coal, and furnace oil.
To diversify fuel sources and overcome disruptions to traditional shipping routes, Dhaka is seeking sanctions waivers to import fuel from Russia and is negotiating with several countries across Asia, Africa, and beyond. India has committed to supplying diesel, and agreements are being explored with nations like Angola and Australia for LNG shipments.
