DHAKA: The government has approved a proposal to procure refined fuel oil from eight entities across seven countries to address the domestic demand for the first half of 2025. This decision emerged from the inaugural meeting of the Advisers Council Committee on Government Purchase (ACCGP) for the year, held at the Bangladesh Secretariat.
According to Bangladesh Sangbad Sangstha, the meeting was chaired by Dr. Salehuddin Ahmed, the Adviser to the interim government on the Ministry of Finance. The Energy and Mineral Resources Division has been tasked with procuring the refined fuel oil through a premium and reference price process. The procurement is set to cost approximately Tk 11,479.04 crore and will cover the period from January to June 2025.
The eight companies involved in this transaction are PTTT of Thailand, OQT of Oman, ENOC of the United Arab Emirates, Petrochina of China, BSP of Indonesia, PTLCL of Malaysia, UNIPEC of China, and IOCL of India. The purchases will be conducted under a government-to-government (G2G) term agreement, ensuring a streamlined process across the international collaborations.