(MENAFN) Due to worries over rising gasoline prices and the effects of the Ukraine war, schools in Bangladesh will be closed an additional day every week in addition to cutting the length of their workdays by one hour.
The shortened hours start on Wednesday. The majority of schools in Bangladesh are now also closed on Saturdays, according to Cabinet Secretary Khandker Anwarul Islam.
He stated that while private offices will be permitted to set their own schedules, government and banking institutions would reduce their workdays from eight to seven hours.
The conflict in Ukraine has disrupted supplies, which has prompted oil and food costs to skyrocket globally.
In recent weeks, Bangladesh has taken steps to reduce the strain on its shrinking foreign exchange reserves. Fuel costs increased by more than 50% last month. According to the government, it is looking into possibilities for a unique arrangement to obtain cheaper petroleum from Russia.
The administration acknowledged that the decision has received criticism but insisted that it is vital to reduce losses given the growing global fuel prices. The administration announced that domestic pricing will be modified after worldwide prices begin to decline in response to recent small-scale street protests against the rising prices.
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