World Business Report Bangladesh rations fuel to private motorists
Mar 9, 2026
Monica Nirala, a Gen Z activist from Nepal who highlights youth protests and job struggles. Morshed Norman, Dhaka-based business reporter covering Bangladesh’s strict fuel rationing and petrol pump chaos. Rachel Winter, investment manager offering market and energy commentary. They discuss rising oil prices, rationing rules and queues, and how energy shocks ripple through markets.
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Global Oil Spike From Strait Of Hormuz Disruption
- Oil prices spiked near $120 a barrel after the US-Israel war on Iran disrupted the Strait of Hormuz supply routes.
- Rachel Winter says G7 talk of releasing strategic reserves helped push prices back below $100 per barrel by calming markets.
No Quick Fix For Gas Prices
- Gas prices remained high because there is no equivalent strategic reserve to quickly increase supply.
- Rachel Winter highlights limited policy tools for gas compared with oil, keeping gas expensive despite oil reserve talk.
Bangladesh Motorists Face Daily Fuel Limits
- Bangladesh introduced rationing that limits private sedan cars to 10 litres per day and motorcycles to 2 litres per day.
- Morshed Norman recounts waiting two hours at a pump and only receiving 10 litres under the new system.