Cabinet purchase body OKs bulk petroleum import for July-Dec

The Cabinet Purchase Committee has approved separate proposals for import of some 1.620 million metric tonnes of refined petroleum fuels from 8 international petroleum companies at a total cost of Tk 110.98 billion (Tk 11,098 crore). State-owned Bangladesh Petroleum Corporation (BPC) will import the bulk petroleum to meet the country’s demand for the 2nd half (July-Dec) of the current fiscal year. A meeting of the Cabinet body held on Thursday, with Finance Minister AMA Muhith in the chair, gave the nod to the Energy Ministry proposals for the bulk petroleum import and set the premium of the fuels. The premium for Diesel was fixed at US$ 4.80 per barrel while that of Furnace Oil at US$ 34 per metric tons, down from $35 per metric tons for the first half (Jan-June). The Cabinet body also approved the Local Government Division proposal for awarding contract to construct five 10-storyed buildings at Dayaganj Sweeper Colony for Dhaka City Corporation’s cleaners’ housing, according to a news agency.