Govt set to buy 54 lakh tonnes of fuel oil

The Cabinet Committee on Economic Affairs (CCEA) has granted permission to Bangladesh Petroleum Corporation (BPC) to import 54 lakh tonnes of fuel oil next year.

Of the amount, the state-run BPC, the sole petroleum importer and the distributor, will buy 38.6 lakh tonnes of refined oil directly under the state-to-state arrangement.

The rest 16 lakh tonnes will be imported in crude form from Saudi Aramco and The Abu Dhabi National Oil Company, Abu Dhabi.

During the January-June period of this year, the BPC imported 7.91 lakh tonnes of crude oil and 27.9 lakh tonnes of refined oil mainly diesel and oil namely jet fuel, octane, and furnace oil.