BPC to purchase 38.60 lakh tonnes of fuel oil

Bangladesh Petroleum Corporation (BPC) will purchase 38.60 lakh tonnes of fuel oil from January to December in 2023. This fuel oil will be imported through government-level contracts.

It is learnt that due to the gas supply decrease, the country now depends a lot on fuel oil for power generation. In this situation, BPC has taken the initiative to import fuel oil to meet the urgent/sudden increased demand.

The proposal will be placed at the next Cabinet Committee on Public Purchase for approval. Finance Minister AHM Mustafa Kamal will preside over the meeting, sources said.