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Govt stated that it has enough gasoline in store to avoid a crisis

by Analysis Team
May 10, 2022
in Power
0
Bangladesh chooses Excelerate Energy for long-term LNG purchase

According to the Energy and Mineral Resource Division, there is no risk of a fuel shortage in Bangladesh because the country has sufficient petroleum reserves. The EMRD said in a statement that the Bangladesh Petroleum Corporation has been maintaining an uninterrupted supply of petroleum oil across the country through its subsidiary oil marketing firms.

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The announcement was made in response to recent media claims of a fuel shortage in the country’s northern districts. Rail wagons transport petroleum from Daulatpur in Khulna to Parbatipur and from Chattogram to Rangpur.

Despite having sufficient stock in the country, the supply of octane and fuel to depots in some northern districts was delayed due to a scarcity of railway engines, according to the energy division, as the railway prioritized passenger transit during Eid-ul-Fitr. The energy division warned customers not to overpay for octane and gasoline. The import timetable for octane has been set as per the monthly requirement for May and June to meet the country’s demand for fuel oil.

Every week, fuel tankers pass via the Chattogram port. The state-owned Eastern Refinery and commercial companies continue to produce octane and gasoline. The country’s average monthly octane and gasoline demand is roughly 36,000 tonnes and 39,000 tonnes, respectively. According to the energy division, this need can be covered using existing stock, imports, and domestic output.

 

 

Sources for more details:

The Business Post

The Business Post

Analysis Team
Author: Analysis Team

Tags: CrisisEMRDEnergy & Powergasoline in storeGovtIndustry InsightPower
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