Dhaka: The Cabinet Committee on Economic Affairs has recommended in principle the import of an additional 695,000 metric tonnes of fuel oil, including gas oil and jet fuel, under the government-to-government (G2G) arrangement for September-December 2026. This move aims to bolster the nation's energy reserves as it plans for future consumption needs.
According to United News of Bangladesh, the additional quantity represents a 10 percent increase over the amount previously approved for import through the G2G process for the 2026 calendar year. The proposal for this import was presented by the Energy and Mineral Resources Division and received the committee's in-principle nod.
In addition to the fuel import recommendation, the committee also endorsed final approval of contracts for selecting private partners to reopen two textile mills under the Bangladesh Textile Mills Corporation (BTMC) through the public-private partnership (PPP) model. These contracts involve Magura Textile Mill and Darowani Textile Mill in Nilphamari, both under the control of BTMC within the Ministry of Textiles and Jute.
The Ministry of Textiles and Jute had placed the proposals concerning the textile mills, and they were subsequently recommended for final approval by the committee. These decisions were reached during a meeting of the Cabinet Committee on Economic Affairs on Wednesday.