As of today, the crude oil price in Bangladesh is approximately BDT 8,500–9,000 per barrel — Brent price (USD) × live USD/BDT rate. Bangladesh's Bangladesh Petroleum Corporation (BPC) imports crude for its Eastern Refinery Limited (ERL) in Chattogram, while also importing refined petroleum products directly. Oil price volatility and BDT weakness have repeatedly forced Bangladesh to hike fuel prices — triggering inflation in a garment-export dependent economy.
Live Crude Oil Price in Bangladesh Today — Brent Rate in BDT
Crude oil price in Bangladesh today in taka — Brent barrel price updated every 5 minutes, converted to BDT at live USD/BDT rate
Bangladesh imports approximately 95% of its petroleum products — crude oil and refined products — through the state-owned Bangladesh Petroleum Corporation (BPC). Bangladesh has only one crude oil refinery: Eastern Refinery Limited (ERL) in Chattogram, with a capacity of approximately 1.5 million tonnes per year (~30,000 barrels/day) — far below the country's consumption. Most petroleum products are imported directly as refined goods. The crude oil price in Bangladesh in BDT is the Brent USD price multiplied by the live USD/BDT exchange rate set by Bangladesh Bank.
Why Crude Oil Prices Change Daily in Bangladesh
Why is crude oil price changing in Bangladesh today — 4 key drivers for a garment-export dependent, petroleum-import economy
The Bangladeshi Taka weakened from ~BDT 85/USD in 2021 to over BDT 110/USD by 2023-24 — a 25%+ depreciation. Since crude oil is priced in USD, this makes every imported barrel more expensive in Taka terms. Bangladesh Bank manages BDT within a crawling peg framework, but the Taka's structural weakness adds significant cost to petroleum imports.
Bangladesh imports crude and refined products primarily from Saudi Arabia, UAE, and Kuwait — all OPEC members. Every OPEC+ production cut directly raises Bangladesh's petroleum import bill. In 2022, high Brent prices above $100/barrel caused Bangladesh's BPC to accumulate large financial losses, eventually forcing the government to hike fuel prices by 40–50% in August 2022.
Bangladesh's Ready-Made Garment (RMG) sector — the world's 2nd largest garment exporter — is highly sensitive to fuel and electricity costs. Most garment factories use diesel generators during load shedding. High crude oil prices raise production costs for RMG exporters in Dhaka and Chattogram, reducing competitiveness against Vietnam and Cambodia. Energy costs are a critical component of Bangladesh's garment export pricing.
BPC (Bangladesh Petroleum Corporation) sells fuel domestically at regulated prices — often below import cost. When Brent is high, BPC accumulates massive losses (BDT 50,000+ crore in 2022). The government then faces a choice: increase fiscal subsidies (widening budget deficit) or hike retail fuel prices (triggering inflation and public protest). This recurring cycle makes crude oil pricing one of Bangladesh's most politically sensitive economic issues.
How Crude Oil Price Affects Fuel Prices in Bangladesh
Bangladesh petrol and diesel price crude oil impact — how BPC sets fuel prices and why 2022 hike was historic
Bangladesh government sets retail fuel prices — prices do not change automatically with Brent; BPC absorbs losses until government announces a hike
Bangladesh Crude Oil Price Forecast
Bangladesh oil price forecast — Brent outlook, BDT stability, IMF programme, and domestic energy transition
- Further BDT depreciation under balance of payments pressure
- OPEC+ cuts lifting Brent above $85/barrel
- Bangladesh's rising energy demand from industrialisation
- BPC continuing to import without hedging strategy
- BDT stabilisation with strong garment export earnings
- Brent falling below $70 on weak global demand
- Bangladesh increasing LNG and renewable energy share
- Gulf remittances boosting forex reserves and BDT
⚠️ Forecasts are inherently uncertain. Not financial advice. Consult a qualified financial adviser before making energy market decisions.
🔍 People Also Search For
Frequently Asked Questions
Crude oil price today in Bangladesh — everything you need to know
What is the crude oil price today in Bangladesh in BDT per barrel?
What is Bangladesh Petroleum Corporation (BPC) and how does it import crude?
Why did Bangladesh hike fuel prices so sharply in August 2022?
How does crude oil price affect Bangladesh's garment (RMG) industry?
How do Gulf remittances connect to oil prices in Bangladesh?
What is the crude oil price forecast for Bangladesh?
Where does Bangladesh import its crude oil from?
This Brent Crude price tracker for Bangladesh is maintained by Current Affair (currentaffair.today). Prices are updated every 5 minutes using data from metals.live (primary, ~15 min delayed), Alpha Vantage commodity API (secondary, end-of-day), and Yahoo Finance futures (tertiary fallback). Prices shown are indicative only and approximately 15 minutes behind live market prices.