• Wednesday, Jun 26, 2019
  • Last Update : 02:56 am

Bangladesh imports 77,000 tons of diesel from India

  • Published at 09:07 pm May 22nd, 2018
File photo of petroleum oil storage terminals Bigstock

The wagons will reach the Parbotipur oil depot of Bangladesh from the Shiliguri terminal

The government is going to import 77,000 tons (578,420 barrels) of diesel from India to meet domestic demand for petroleum from May to December this year.

According to official sources at the Energy Division, the state-owned Bangladesh Petroleum Corporation (BPC) has already completed negotiations with Indian authorities to import the diesel.

Indian state-owned Numaligor Refinery Ltd will supply the diesel from its Shiliguri marketing terminal by 35 wagons. Each wagon will carry 22,000 tons of diesel, according to BPC officials.

The wagons will reach the Parbotipur oil depot of Bangladesh from the Shiliguri terminal.

An Energy Division document reveals Bangladesh will have to spend about Tk410.56 crores to import the bulk diesel fuel.

The price of each barrel of diesel was fixed at $79.690 on the basis of standard operation procedures (SOP) while the premium on each barrel was set at $5.50.

The officials said the diesel is being imported from India as part of the government`s 15-year long term deal under which a cross border pipeline is being built from Indian Numaligor refinery in Assam to Parbotipur oil depot in Dinajpur of Bangladesh. 

Of the total 130km cross-border pipeline, dubbed Indo-Bangla Friendship Pipeline, some 125km are on the Bangladesh side and 5km on the Indian side.