The Prime Minister’s Office (PMO) has sent back a proposal from Power Division for importing petroleum fuels on its own for further scrutiny as the Energy and Mineral Resources Division (EMRD) has been opposing the initiative.
Petroleum fuels, particularly high-speed furnace oil (HFO) and high-speed diesel (HSD), are meant for use in power plants operated by the Power Development Board (PDB).
The Power Division, at the end of last year, sought permission to import petroleum fuels through revising Bangladesh Petroleum Corporation Act.
According to PDB, 46 out of 105 power plants in the country run on liquid fuel.
PDB officials said they spend Tk 4,594 crore a year to procure fuel from BPC.
The cost would come down to Tk 2,407 crore if the government allows it to import fuel under its own arrangement.
Subsequently, the PMO sought opinion from the Energy and Mineral Resources Division in this regard.