Govt okays Tk24,000cr fuel, crude oil import deals

Staff Reporter :

The Advisers Council Committee on Government Purchase on Tuesday approved a series of proposals for the import of fuel and crude oil, involving transactions worth about Tk24,000 crore.

The approvals were given at a meeting held at the Cabinet Division conference room in the Secretariat, chaired by Finance Adviser Dr Salehuddin Ahmed.

Under government-to-government arrangements, the committee endorsed the import of refined fuel oil from seven foreign suppliers at an estimated cost of Tk10,826.11 crore for the January–June 2026 period.

The approved suppliers are PetroChina and UNIPEC of China, ENOC of the United Arab Emirates, Indian Oil Corporation Limited (IOCL) of India, OQT of Thailand, PTLCL of Malaysia, and BSP of Indonesia.

The committee also approved the import of 700,000 tonnes of Murban-grade crude oil from Abu Dhabi National Oil Company at a cost of Tk5,542.86 crore, along with 800,000 tonnes of Arabian Light crude oil from Saudi Aramco, estimated to cost Tk6,320.22 crore.

Additionally, approval was given for the import of 180,000 tonnes of diesel through the India-Bangladesh Friendship Pipeline from Numaligarh Refinery Limited, at an estimated cost of Tk1,461.76 crore.

All the proposals were submitted by the Energy and Mineral Resources Division.