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The government will import up to 1.42 million tonnes (mt) of refined petroleum products between January and June next year from global suppliers via a competitive bidding process.
State-run Bangladesh Petroleum Corporation (BPC) has already received offers from the global petroleum product suppliers to buy 900,000 mt-960,000 mt 0.005 per cent sulfur gasoil (diesel), 180,000 mt-210,000 mt Jet A-1 fuel, 100,000 mt - 150,000 mt 180 CST high sulfur fuel oil (furnace oil), 50,000 mt-100,000 mt 95 RON gasoline (octane) in the first half of 2026.
The evaluation committee is currently scrutinising the offers from the suppliers, a senior BPC official told The Financial Express on Monday.
The BPC will be importing refined petroleum products under four different packages based on their quantity and types.
The corporation usually imports around half of its total required refined oil products through tenders and the remaining half through negotiations with suppliers.
It also imports around 1.50 million tonnes of crude oil annually for its wholly owned maiden Eastern Refinery Ltd.
The BPC also has planned to continue import of diesel from India through the newly commissioned first inter-country pipeline named India-Bangladesh Friendship Pipeline through bilateral negotiation.
BPC has been purchasing Indian diesel from Numaligarh Refinery Ltd, or NRL, for 15 years at a negotiated premium of $5.50 per barrel to the Mean of Platts Arab Gulf gasoil assessment on a cost and freight (CFR) basis for delivery via the pipeline opened in March, said sources.
Separately, Bangladesh's private sector is expected to import around 1.0 million tonnes of furnace oil between January and June in 2026.
azizjst@yahoo.com