The Bangladesh Petroleum Corporation (BPC) will save approximately Tk760 crore in premiums for fuel oil imports during the first six months of 2025.
This saving stems from reduced supplier transportation costs achieved through relaxed tender conditions and strong negotiations.
While fuel prices for consumers will not decrease, the savings are expected to alleviate some of the financial strain caused by rising expenses, according to BPC officials.
According to the Ministry of Power, Energy and Mineral Resources and BPC, the corporation has targeted the import of 25.65 lakh tonnes of fuel oil from January to June 2025.
Of this, 14 lakh tonnes of refined oil will be purchased through negotiated premiums.
The revised premiums are expected to reduce costs by $2 to $3.98 per unit compared to the rates from the previous six months.
The premium for diesel, the most imported fuel accounting for 65-70% of total imports, has been reduced to $5.11 per barrel from $8.75 per barrel in the previous period of July to December 2024.
Regarding the impact of these savings on consumer prices, BPC Chairman Md Amin Ul Ahsan said that due to cost reductions, there will be no need to increase oil prices for the time being.
