Dhaka, Sunday, June 24, 2018 11:32 AM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
23.9 lakh tonnes of petroleum to be imported under G-to-G arrangements

The government is going to import 23.9 lakh tonnes of petroleum products under government-to-government deals (G-to-G) from nine countries next fiscal year.

The cabinet committee on economic affairs on Wednesday approved the proposal by Bangladesh Petroleum Corporation to import fuel, mostly diesel.

Of the total amount, 12.3 lakh tonnes will come from Kuwait, 2.3 lakh tonnes from China, 2.7 lakh tonnes from Malaysia, 1.6 lakh tonnes from the UAE, 1.4 lakh tonnes from the Philippines, 1 lakh tonnes from Vietnam, 80,000 tonnes from Indonesia, 30,000 tonnes from Thailand and 50,000 tonnes from Oman.

In 2015, the government decided that half of the petroleum products to be imported a year would be through g-to-g arrangements and the rest through open bidding.

It is estimated that in 2017, the country`s demand for import of petroleum products a year will be 46.8 lakh tonnes.

The price of fuel is determined by the international market rates. However, the premium cost, including shipping and other expenses, normally varies.

Under a G-to-G arrangement, there is no scope for competitive pricing.

The premium cost in open bidding, which began in the first half of the current fiscal year, is lower than that in g-to-g arrangements.

Print Friendly and PDF

   You may also like

Category: Petroleum
Bangladesh urges French help for energy sector

Category: Petroleum
China to give $554m for Single Point Mooring project

Category: Petroleum
15-yr deal likely with India to import diesel thru’ pipeline

Category: Petroleum
No fuel price cut for now

Category: Petroleum
Deal signed for setting up of a 3,000 barrel per day capacity Catalytic Reforming Unit

Category: Petroleum
Govt going to reduce fuel price again

Category: Petroleum
BPC signs deal with Technip for ERL unit-2

Category: Petroleum
Oil price will be not be reduced: Nasrul

Category: Petroleum
NRL exports high speed diesel to Bangladesh
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Petroleum Stories
Bangladesh urges French help for energy sector
China to give $554m for Single Point Mooring project
15-yr deal likely with India to import diesel thru’ pipeline
No fuel price cut for now
Deal signed for setting up of a 3,000 barrel per day capacity Catalytic Reforming Unit
Govt going to reduce fuel price again
BPC signs deal with Technip for ERL unit-2
Oil price will be not be reduced: Nasrul
NRL exports high speed diesel to Bangladesh
Govt may slash oil price in January: Muhith


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy

   Editor & Publisher: Aminur Rahman
   Copyright @ 2015-2018 energynewsbd.com
   All Rights Reserved | Developed By: Jadukor IT