Bangladesh to import 2.04 million MT of refined petroleum from 6 countries

Bangladesh will import 2.040 million (20.40 lakh) metric tons (MT) of refined petroleum from 7 state-owned entities from 6 countries for a six month period from January to June in 2023.

Cabinet Committee on Government Purchase (CCGP) in a virtual meeting approved a proposal of state-owned Bangladesh Petroleum Corporation (BPC) in this regard on Wednesday.

As per the proposal, placed by the Energy and Mineral Resources Division, the BPC will import the bulk refined petroleum at a total cost of Tk 18,215.52 crore.

Finance Minister AHM Mustafa Kamal presided over the meeting which was virtually attended by the members of the committee.

However, no detail of the proposed refined petroleum import was disclosed by the authorities concerned.

Normally, Bangladesh annually needs to import about 6.633 million metric tons of refined and crude petroleum of which 5.233 is refined and remaining 1.4 million metric tons is crude oils for a year to meet its requirements.