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 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 on 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.
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.
