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BPC’s special drive soon to curb illicit petroleum saling

Bangladesh Petroleum Corporation (BPC) is going to launch a three-month special drive to check adulteration and illegal trade of petroleum fuels.

The decision came at a recent meeting of Energy and Mineral Resources Division with State Minister for Power and Energy Nasrul Hamid in the chair.

BPC Chairman AM Badruddoza told energynewsbd.com that the corporation would cancel licenses of the petrol pumps if irregularities were found during the drive.

In a recent findings BPC found out that most of the 6245 dealers, agents and distributors are not only engaged in adulteration of petroleum products but also doing illegal marketing of costly fuels.

The state-own BPC has incurred loss in sales by 13.62% in 2015 due to its widespread irregularities.

Under the circumstances, the activities of 12 private condensate fractionation plants are under watch to control illegal fuel trade, said the BPC chairman. 

He added that BPC has show-caused over 1500 agents, dealers and distributors for their alleged involvement in illegal fuel trade and adulteration.

Officials with BPC said this year’s petroleum’s fuel saling target is 52 lakh metric tonnes but if the ongoing illegal fuel trading continues, the losses of revenue will increase more.

BPC, in a recent report submitted to the ministry, said the adulteration of fuel and illegal marketing has pushed it to count losses in the petroleum sales by 13.62% in the current year compared to 2014.

Due to adulteration and illegal sales and purchase of petroleum fuels, its saling dropped by 15.59% in 2015, the report adds.

It also continues that the sales of octane and the diesel did not increase as per projection of BPC for the same reasons.

In a bid to curb the adulteration of petroleum fuel, the BPC has proposed to form a special committee.

The purpose of the committee is to fix the yield pattern and annual refine capacity of the country’s 12 private condensate fractionation plants.

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