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In a move to mitigate the urgent demand of the country, the Cabinet Committee on Economic Affairs on Thursday approved emergency diesel import proposals amid the unstable Middle East situation.
The decision was taken at a meeting of the Cabinet Committee on Economic Affairs for the current fiscal year held virtually with Finance and Planning Minister Amir Khosru Mahmud Chowdhury in the chair.
The meeting approved in principle two proposals of the Energy and Mineral Resources Division to ensure uninterrupted fuel supply in the country in the context of the ongoing geopolitical instability following tensions involving in the Middle East.
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According to the decisions taken at the meeting, approval was given to procure 100,000 metric tons of EN590 (10 PPM) diesel from AP Energy Investments Limited through direct procurement under international purchase to meet the emergency fuel requirement.
The committee also approved another proposal to procure 200,000 metric tons of EN590 Euro-5 (10 PPM) diesel from Superstar International (Group) Limited through direct procurement method under international purchase.
The approvals were granted to ensure uninterrupted energy supply and maintain stability in the domestic fuel market amid the evolving global geopolitical situation, said a Finance Ministry press release.
Officials said the government is taking necessary measures to secure adequate fuel supply to meet the country’s growing energy demand and maintain economic stability.
https://thedailyexpress.news/news/business/1f129c40-3ed5-63d0-8ec2-1c9ed5a28e89