Bangladesh Petroleum Corporation (BPC) will import 16.6 lakh tonnes of refined fuel oil from eight foreign companies for the first half (January-June) of this year.
The purchase involves moderate premiums as compared to previous contracts.
The country’s sole importer and distributor of oil would have to spend around Tk11,666 crore for the imports, while the total import from the eight companies during the January-December period is expected to be around 32.9 lakh tonnes.
Officials said the premiums (freight and other costs) for all petroleum products except gas and oil had not increased as freight charges have gone down globally. The premiums – transportation, insurance and other costs – are reviewed every six months.
Cabinet committee on public purchase approved the energy ministry proposals for import of refined fuel oil from eight countries, presided over by Finance Minister AMA Muhith.
After the meeting, the finance minister said most of the import is being done through government to government purchase deals so there is no scope for commission in this regard.
Through government-to-government contracts, the BPC has signed two-year (minimum) deals with interested national oil companies of the eight countries.
