Bangladesh approves import of 1.425 million metric tons of refined fuel oil

The government has approved the import of 1.425 million metric tons of refined fuel oil from eight companies in Indonesia, the UAE, India, China, Malaysia, Thailand, and Oman for January to June 2025. The total cost will be Tk 11,479 crore, including premiums and reference prices, equivalent to $956.59 million. The decision was made at a meeting of the Cabinet Committee on Economic Affairs, chaired by Dr. Salehuddin Ahmed.

According to sources, the Energy and Mineral Resources Division had proposed the import under government-to-government agreements to meet the country’s energy demands. Bangladesh Petroleum Corporation (BPC) had earlier received in-principle approval for the import during a CCEA meeting on October 24, 2024.

The fuel to be imported includes 880,000 metric tons of gas oil, 190,000 metric tons of Jet A-1, 75,000 metric tons of Mogas, 250,000 metric tons of furnace oil, and 30,000 metric tons of marine fuel. Two companies from China and one each from Indonesia, the UAE, India, Malaysia, Thailand, and Oman will supply the fuel under long-term agreements. The committee approved the proposal after a thorough review to ensure a steady supply of fuel oil for the country’s growing energy needs.