3.9 lakh tonnes fuel import from UAE okayed
Friday, 29 February 2008

Staff Correspondent

The council of advisers' committee on purchase on Wednesday approved the import of 3.9 lakh tonnes of fuel oils from the United Arab Emirates under an unsolicited state-to-state agreement.

The committee, headed by the finance adviser, Mirza Azizul Islam, approved the Energy Division proposal for the import 3.3 lakh tonnes of diesel, and 20,000 tonnes each of kerosene, jet fuel and octane from the Emirates General Petroleum Corporation, known as Emarat, owned by the federal Emirates government.

As per the Energy Division's proposal, Emarat will charge a premium rate (carrying and other charges such as insurance) of $5.20 a barrel for diesel, $5.60 for kerosene and jet fuel and $7.50 for octane.

Premium is paid in addition to the price of each barrel of fuel oils on the international market, which in the case of the Bangladesh Petroleum Corporation, is the Middle Eastern market Emarat's premium rate offers are lower compared with those of other state-run companies of Kuwait, India and Egypt from where the Bangladesh corporation imports refined petroleum products.

Comments Add New
Write comment
Name:
Email:
  We don't publish your mail. See privacy policy.
Title:
Please input the anti-spam code that you can read in the image.