Govt calls reports on private fuel import policy 'speculative, false'
The power and energy ministry says the proposed framework aims to strengthen energy security and create a more transparent and competitive fuel market.
Highlights
- Govt calls reports on private fuel import policy false
- Draft policy seeks uninterrupted and secure fuel supplies
- Framework aims to strengthen Bangladesh's energy security
- Policy seeks a more transparent, competitive fuel market
- Stakeholder recommendations will inform the policy's finalisation
- Ministry denies plans to favour any individual or group
The government has dismissed recent media reports and social media discussions about the proposed private-sector fuel import policy as "speculative and false", saying they have created unnecessary confusion.
In a statement issued today (8 August), signed by Muhammad Arif Sadek, deputy chief information officer of the Power, Energy and Mineral Resources Ministry, the ministry said the government is preparing a draft titled Policy on Import, Storage, Transportation, Distribution and Marketing of Refined Fuel at the Private Sector Level, 2026.
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The proposed policy is aimed at ensuring uninterrupted and secure fuel supplies while strengthening the country's energy security and creating a more transparent and competitive fuel market, the ministry said.
The ministry said opinions and recommendations from stakeholders in the energy sector would be considered before the policy is finalised.
"The policy will only be considered if public interest, energy security, a competitive market, transparency and accountability can be ensured," the statement said.
The ministry also rejected speculation that the proposed framework would be formulated to benefit any particular individual, company or group.
"There is no scope to provide any special benefit to any particular individual, institution or group through this policy," it said.
