Diesel :Fuel for your fashion
Thu November 12, 2009 - 3:23am BdSTDiesel :Fuel for your fashion.
State-owned Bangladesh Petroleum Corp. (BPC) will buy a combined total of 180,000 tons of diesel and kerosene from a state-run Philippine company, a senior official said yesterday.
The finance ministry has given its consent to seek $75 million loan for fuel import from the Jeddah–based Islamic Development Bank with a six per cent mark-up rate, officials said on Thursday.
Bangladesh is set to make Malaysia its major source of refined fuel oils import, reducing dependency on Kuwait as the Bangladesh Petroleum Corporation’s long term bond with the Kuwait Petroleum Corporation is on the wane, said energy officials.
Petrol price fixed at Tk 80 from Tk 87
Price of octane would come down to 83 from Tk 90
Price of diesel and kerosene reduced to Tk 48-50 from Tk 55
Fuel prices will come down from Sunday midnight, following the government's decision to fall in line with global oil prices, a special aide said Saturday.
The government will slash the fuel oil price within a week in the wake of fall in price in the international market, Finance Adviser Dr Mirza Azizul Islam said Monday night.
“The oil price will come down very soon - this week if not in a day or two,” the Adviser said in a TV talk show.
The government has decided to reduce fuel oil price within a month as the downtrend in the international market continues, special assistant to the Chief Adviser Dr M Tamim told newsmen yesterday.
"I had meeting with the Finance and Planning adviser today. He has agreed to reduce the fuel oil price,' Tamim said.
The government is mulling to decrease fuel prices as oil prices in the global market has fallen down substantially, Finance and Planning Adviser Mirza AB Azizul Islam said yesterday.
"As fuel prices have dropped in the global market, we will consider to readjust the prices in the domestic market," the Adviser told reporters on his return home from London at Zia International Airport.
Farmer using costly fuel for irrigating water in cultivation land in Bogra.
Photo: Focusbangla
BPC plans to cut petroleum imports by 200,000 tons in 2008
The country’s octane and petrol consumption has declined by about 50 percent due to introduction of CNG in the motor vehicles, Bangladesh Petroleum Corporation (BPC) officials said.