Govt okays purchase of 6 months worth of refined fuel oil for Tk11,479cr
Govt to procure 14.25 lakh tonnes of refined fuel oil from 7 countries for Tk11,479cr
The government has decided to procure 14.25 lakh tonnes of refined fuel oil to meet national demand for the first half of this year.
The refined oil will be purchased through government-to-government (G2G) agreements with state-owned entities from Thailand, Oman, the United Arab Emirates, China, Indonesia, Malaysia, and India. The estimated cost for procuring the refined fuel oil is Tk11,479 crore.
The proposal for the procurement was approved today (2 January) during the first meeting of the Advisory Council Committee on Government Purchase this year, held at the Cabinet Division conference room in the Secretariat with Finance Adviser Salehuddin Ahmed in the chair.
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According to sources at the meeting, the plan for the purchase was initially approved in principle at a meeting of the committee on 24 October last year. The refined oil is being procured to meet the country's demand from January to June.
The import includes 8.80 lakh tonnes of diesel, 1.90 lakh tonnes of jet fuel, 75,000 tonnes of petrol, 2.50 lakh tonnes of furnace oil, and 30,000 tonnes of marine fuel.
In addition to fuel oil, the Cabinet Committee on Government Purchase also approved several other procurement proposals during today's meeting.
The committee approved proposals to purchase 1.10 crore litres of soybean oil and 10,000 tonnes of lentils for Tk189 crore and Tk94.95 crore, respectively, for sale under TCB's family card programme. The soybean oil will be sourced from Super Oil Refinery, and the lentils will be supplied by Shabnam Vegetable Oil Industries.
The committee also approved the import of 30,000 tonnes of urea from Qatar Energy for Tk127.68 crore, 40,000 tonnes of DAP (diammonium phosphate) fertiliser from Saudi Arabia's MAADEN for Tk296 crore, and 30,000 tonnes of TSP (triple super phosphate) fertiliser from Morocco's OCP Nutricrops SA for Tk158.40 crore.
Apart from these, two proposals from the Ministry of Railways and one from the Implementation, Monitoring, and Evaluation Division (IMED), under the Ministry of Planning, were approved during the meeting.
