DHAKA, March 31 (Xinhua) -- The prices of diesel and kerosene in Bangladesh will drop from 108.25 taka to 106 taka per liter from April 1, the country's Ministry of Power, Energy and Mineral Resources announced on Sunday.

However, the prices of octane and petrol remained unchanged in the second month of automatic price adjustments.

The automatic price adjustments of fuel-oil prices commenced in the country earlier this month for the first time.

The Bangladeshi government issued the "Automatic Fuel Oil Pricing Guidelines" on Feb. 29, in which it was stated that prices of fuel oils would be fixed automatically in line with the international market rates.

Following the issuance of the guidelines, Bangladeshi State Minister for Power, Energy and Mineral Resources Nasrul Hamid told reporters that the fuel-oil prices would, from now on, be adjusted on a monthly basis.

The Bangladeshi government reportedly introduced the automatic fuel pricing as per one of the conditions for the 4.7 billion U.S. dollars loan from the International Monetary Fund (1 U.S. dollar equals to about 110 taka). Enditem

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