Dhaka, Aug 6 (TIWN) Bangladesh's retail fuel prices have been hiked to levels not seen since the country's independence in 1971.

According to a price notification from the Ministry of Power, Energy and Mineral Resources, a liter of octane now costs 135 taka ($1.43), which is 51.7 per cent higher than the previous rate of 89 taka.

The prices of diesel and kerosene have been increased by 42.5 per cent to 114 taka per liter.

Also, each liter of petrol now costs 130 taka, a rise of 44 taka or 51.1 per cent, said the notification.