Govt approves import of 3 lakh tonnes diesel to meet urgent energy demand
The govt approved in principle two proposals of the Energy and Mineral Resources Division to ensure uninterrupted fuel supply in the country in the context of the ongoing geopolitical instability following tensions in the Middle East.
The government today (26 March) approved the import of 3,00,000 tonnes of diesel under the direct procurement method (DPM) to meet the country's urgent fuel demand.
The decision was taken at the meeting of the Cabinet Committee on Economic Affairs held virtually, with Finance and Planning Minister Amir Khasru Mahmud Chowdhury in the chair, reads a press release.
The meeting approved in principle two proposals of the Energy and Mineral Resources Division to ensure uninterrupted fuel supply in the country in the context of the ongoing geopolitical instability following tensions in the Middle East.
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According to the decisions, approval was granted to procure 1,00,000 tonnes of EN590 (10 PPM) diesel from AP Energy Investments Limited through DPM to meet the emergency fuel requirement.
The committee also approved a proposal to procure 2,00,000 tonnes of EN590 Euro-5 (10 PPM) diesel from Superstar International (Group) Limited through the same method.
The approvals were granted to ensure an uninterrupted energy supply and maintain stability in the domestic fuel market amid the evolving global geopolitical situation, the release added.
