Padma Oil inks business deal with Beximco LPG Unit-1

The state-owned petroleum distributor Padma Oil Company has signed an agreement with Beximco LPG Unit-1 to sell liquefied petroleum gas (LPG). Under the agreement, Padma Oil will sell the LPG by establishing LPG refueling station and parallel to sale of petroleum oil through its registered filling stations. As per the agreement, Padma Oil will receive royalties of Tk 0.50 per liter sale of LPG, according to an official disclosure on Monday.

— FE Report