To meet fuel demand for the second half of 2025, the government has approved the import of 1.275 million metric tonnes of refined petroleum from three Singapore-based companies at a cost of Tk 91.39 billion.
The approval came Wednesday during a meeting of the Adviser’s Council Committee on Government Purchase, chaired by Economic Adviser Dr. Salehuddin Ahmed at the Secretariat.
The fuel will be procured under four packages through international quotations.
Out of nine bidders, eight were found technically responsive.
Following evaluation, PetroChina International (Singapore) Pvt. Ltd., Vitol Asia Pvt. Ltd., and Sinochem International Oil (Singapore) Pvt. Ltd. were selected as the lowest responsive bidders.
The contract is valued at $749.12 million.
This procurement is in addition to a previous deal approved on January 2 to import 1.425 million tonnes of refined petroleum for January–June 2025 through government-to-government (G2G) agreements.
That deal, worth $956.59 million (Tk 11,479.04 crore), involves state-owned suppliers from China, Indonesia, the UAE, India, Malaysia, Thailand, and Oman.
The Bangladesh Petroleum Corporation (BPC) is managing both imports to ensure uninterrupted fuel supply for energy and transport sectors.
Fertilizer Imports Also Approved
The government also approved the import of 100,000 tonnes of fertilizer under three separate agreements.
Rock Phosphate: 30,000 tonnes (min. 70% BPL) from Gentrade FZE, UAE, for Tk 8.95 billion ($232.90 per tonne), for TSP Complex Ltd. (TSPCL).
MOP from Canada: 40,000 tonnes from Canadian Commercial Corporation (CCC) under a G2G deal with BADC, costing Tk 16.57 billion ($339.63/tonne).
MOP from Russia: 30,000 tonnes from Russian firm JSC under a similar G2G arrangement with BADC, at Tk 12.43 billion ($339.63/tonne).
Officials said the procurement of fuel and fertilizer is crucial for ensuring energy security and supporting agricultural production during key seasonal periods.