Economic Advisor Dr. Salehuddin Ahmed said, "We are monitoring the Iran-Israel war. We will wait and see about increasing fuel prices."

He said, "For now, we are observing the war. If it continues for a long time, there will be an impact or pressure on us."

The Financial Advisor made these remarks in response to a question from reporters after the meeting of the Advisory Council Committee on Economic Affairs and the Advisory Council Committee on Government Procurement at the new conference room of the Cabinet Division at the Secretariat on Tuesday (June 17) afternoon.

In response to a question about whether the ongoing Iran-Israel conflict will have any impact on the price of fuel oil in our country, Salehuddin Ahmed said, "We are monitoring the Iran-Israel war. We have seen that it has already increased somewhat. However, it has not affected the ones we have ordered."

He said, "We are monitoring; if the prices of gas and LNG increase, we will take it into consideration. The LNG import that we approved today is coded at the old price. We are lucky that we will get it at the old price."

The advisor said, "For now, we are monitoring the war. If it continues for a long time, there will be an impact or pressure on us."

In response to the question of whether there are any problems in our trade sector for the time being, Salehuddin Ahmed said, "No, there will be no impact on trade for the time being."

When asked if he is making any special preparations, he said, "The special preparations we made today are the proposals to import LNG and fertilizer at the old prices. It may have some effect when we bring something new in the future."

In response to the question of whether they are thinking of alternatives if the war is prolonged, the financial advisor said, "The Ministry of Energy is definitely thinking of alternatives. Since we rely heavily on LNG. The war will affect not only fuel, but also fertilizer and shipping. Ships coming through the Strait of Hormuz may be affected there. I think the war will not last long."

In response to a question about the current increase in fuel prices, which have increased in many countries, Salehuddin Ahmed said, "We are not going to do that yet, we will wait longer."