The government is going to import around 13,05,000 m tonnes of mo-gas, diesel, jet fuel, and furnace oil for the second half of the current year with lower the premium, a source at the Energy and Power division .
The fuel oil would be bought from four international petroleum companies for the July-December period to help cover the total demand of 25,03,000m tonnes , a Bangladesh Petroleum Corporation (BPC) senior official told the Dhaka Tribune.
Energy division proposal for import of fuel oil from the four international oil companies is likely to be placed before cabinet committee on public purchase today , preside over by finance minister AMA Muhith .
According to a BPC proposal, premium of the imported furnace oil, diesel, petroleum oil, and kerosene will be reduced from the previous premium that was set for the January - June period in 2015.
The premium for furnace oil will be reduced to$ 24.00 from $29.95 per tonne; the premium for every barrel of diesel products will be $4.50 from its earlier price of $4.60; the premium for every tonne of jet fuel will be $5.49 instead of $5.50; and the premium of every barrel of mo-gas will be increased $7.45 from $7.30.
Seeking anonymity, the BPC senior official also said the premium for fuel oil had seen reductions as global prices have experienced a sharp drop to $40 from $100 plus per barrel during last one year due to Iraq and Syria civil war crisis .
The government will procure 1,41,000 tonnes of petroleum oil from Philippines Exploration Corporation Company with a premium of $4.50 per barrel for the July-December period under government-to-government purchase, according to the proposal.
For the six months, the projected total demand for diesel product is 1,725,000 tonnes; for furnace oil, the demand is 5,90,000 tonnes; for Mogas is 67,000 tonnes; and jet fuel 1,88,000 tonnes.
