DHAKA: The gross domestic product (GDP) will increase slightly if fuel prices reduce with coordination in prices on the international market, according to research report of the Center for Policy Dialogue (CPD).

The information was revealed at press conference on ‘Bangladesh Economy in 2015-16: First Interim Review’ arranged at Brac Inn center in the city on Sunday.

Different aspects of Bangladesh Economy, in first five months of current fiscal, were highlighted in the press meeting.

CPD researcher Dr Toufikul Islam Khan presented the keynote paper.

He said that 10 percent reduction in the price of oil would increase the rate of GDP growth by 0.3 percent. It will also reduce 0.2 percent inflation.

The think tank called upon the government to reduce diesel, kerosene and furnace oil.

BDST:  1400 HRS, JAN 3, 2016
RS/SMS