The Bangladesh Petroleum Corporation (BPC) will save approximately Tk760 crore in fuel oil import premiums during the first half of 2025 due to relaxed tender conditions and strong negotiations. These savings, from reduced supplier transportation costs, are expected to ease some financial strain caused by rising expenses, although consumer fuel prices will not decrease. BPC plans to import 25.65 lakh tonnes of fuel oil, with 14 lakh tonnes purchased at reduced premiums. Diesel premiums, for instance, have dropped from $8.75 to $5.11 per barrel. The savings are split between government-to-government agreements (Tk390 crore) and international tenders (Tk370 crore). Enhanced competition and elimination of outstanding payments led to these cost reductions. No immediate price hikes for consumers are expected. Key suppliers include companies from Oman, Malaysia, the UAE, Thailand, and Indonesia. The successful negotiations ensure stability in the domestic fuel market amid rising global costs.
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