On Thursday July, 11th 2024 the government greenlit a proposal to procure refined fuel oil under Government-to-Government (G to G) arrangements from state-owned enterprises across multiple countries for the second half of 2024, totaling approximately Taka 16,484.45 crore based on premium and reference prices. Additionally, separate approvals were granted for acquiring 30,000 metric tons of diesel and 80,000 metric tons of fertilizer.

Finance Minister Abul Hassan Mahmood Ali chaired the 18th meeting of the Cabinet Committee on Government Purchase (CCGP) at the Cabinet Division conference room, where five proposals were sanctioned. Cabinet Division Secretary Md Mahmudul Hossain Khan briefed reporters after the session, disclosing that the Energy and Mineral Resources Division's proposal for refined fuel oil procurement encompassed agreements with entities like Oman Oiltanking (OOT) Sohar, PETCO Trading Labuan Company Ltd (PTLCL), and others in Malaysia, Thailand, UAE, China, Indonesia, and Malaysia.

Furthermore, the government endorsed acquiring 30,000 metric tons of diesel from India's Numaligarh Refinery Ltd for the July-December period, amounting to approximately Taka 273.67 crore. Additionally, Bangladesh Agricultural Development Corporation (BADC) received approval to procure 80,000 metric tons of MOP fertilizer from Canadian Commercial Corporation, Canada, divided into two consignments, each costing around Taka 130.04 crore at a rate of US$275.50 per ton.