The third quarter (Q3) of FY2026 has been eventful both nationally and globally for the power and energy sector. On 12 February 2026, the national parliament election took place, followed by which the new Prime Minister and cabinet took oath on 16 February 2026. Right after taking the office, when the new government and energy minister were focusing on planning their tenure to rebuild the macro-economic and sectoral health, Isreal-Iran war hit the global economy hard by causing a standstill to the fuel supply chain. As a result, the domestic fuel market is also facing a supply shortage due to import constraints and demand surge caused by panic buying, holding and storing. Several policies and operational decisions have been taken to address the crisis moment, such as importing diesel, octane and jet fuel from different countries, oil rationing in petrol pumps, introduction of fuel pass (offline and online app), decision to purchase LNG from the spot market, emphasising domestic gas exploration and so on.
Authors: Khondaker Golam Moazzem, Helen Mashiyat Preoty, Sabiha Sharmin, Atikuzzaman Shazeed, Md. Khalid Mahmud, Noor Yana Jannat and Humayun Mahdi
Publication Period: April 2026