DHAKA, Jan 2, 2025 (V7N) – The Bangladesh government has approved a proposal to procure refined fuel oil for the period January to June 2025 to meet the rising demand.

The approval came during the first meeting of the Advisers Council Committee on Government Purchase (ACCGP) held at the Cabinet Division conference room at Bangladesh Secretariat. The meeting was chaired by Dr. Salehuddin Ahmed, Adviser to the interim government on the Ministry of Finance.

Under the government-to-government (G2G) term agreement, the Energy and Mineral Resources Division will procure refined fuel oil through a premium and reference price process from eight enterprises across seven countries at a cost of approximately Tk 11,479.04 crore.

The companies involved in the procurement are:

PTT of Thailand

OQT of Oman

ENOC of the United Arab Emirates

Petrochina of China

BSP of Indonesia

PTLCL of Malaysia

UNIPEC of China

IOCL of India

This initiative aims to ensure a stable supply of fuel oil to meet the nation's energy requirements during the first half of 2025.

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