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Govt to buy 2.1m tonnes of fuel oil


Published : 11 Jan 2023 10:33 PM

The government will buy some 21 lakh tonnes of fuel oil from six countries through Bangladesh Petroleum Corporation (BPC) to meet the growing demand of the country.

The Cabinet Committee on Government Purchase (CCGP) has approved several proposals for purchasing fuel oil from India, Indonesia, UAE, China, Malaysia and Thailand. This will be purchased through BPC under the Department of Energy and Mineral Resources.

The approval came from the second meeting of the CCGP held on Wednesday virtually with Finance Minister AHM Mustafa Kamal in the chair.

Briefing reporters after the meeting virtually, Cabinet Division Additional Secretary Sayeed Mahbub Khan said that the day's meeting approved a total of 10 proposals worth Tk 19,534.93 crore

He said following a proposal from the Energy and Mineral Resources Division, Bangladesh Petroleum Corporation (BPC) would procure some 20.40 lakh tonnes of refined 

fuel oil from seven state-owned enterprises of various countries from January-June period of the current year with around Tk 18,215.52 crore.

The refined fuel oil will be imported from BSP of Indonesia, ENOC of the United Arab Emirates (UAE), IOCL of India, Petrochina of China, PTLCL of Malaysia, PTTT of Thailand and UNIPEC of China.

Mahbub said the BPC would also procure some 60,000 tonnes of diesel from Numaligarh Refinery Limited of India with around Tk 545.04 crore for the January to December period of the current year.

Following two separate proposals from the Ministry of Industries, Bangladesh Chemical Industries Corporation (BCIC) would procure some 30,000 tonnes of bulk granular urea fertilizer from Fertiglobe Distribution Limited in the UAE under the 10th lot with around Tk 150.08 crore with per ton fertilizer costing $470 against the previous price of $480, he said.

Besides, the BCIC would procure another 30,000 tonnes of urea fertilizer from Saudi Arabia with around Tk 149.36 crore where per ton fertilizer would cost $470 against the previous price of $551.67.

The Cabinet Division Additional Secretary informed that following a proposal from the Ministry of Commerce, the Trading Corporation of Bangladesh (TCB) would procure some 12,500 tonnes of sugar from SrinnovaIspat Private Limited Kolkata, India (local agent: LID, Dhaka) with around Tk 70.02 crore.

Besides, the day's CCGP meeting approved another proposal from the Ministry of Railways for appointing the joint venture of OCG, Japan, EGIS of France, HSS of Malaysia, and SODEV Consult International Limited Bangladesh as the consultants with around Tk 193.64 crore for the project titled 'Technical Assistance for Railway Connectivity Improvement Project' aimed at conducting feasibility study and detailed designs for some 11 sub projects.

Apart from these, the meeting approved three proposals from the Bangladesh Rural Electrification Board (BREB) under the Power Division and another one variation proposal from Dhaka WASA under the Local Government Division.