The government of Bangladesh has moved to significantly speed up the import process of refined fuel oil by reducing the international open tender period from 42 days to just 10 days.
The decision was taken following a recommendation by the Cabinet Committee on Economic Affairs (CCEA) at its 11th meeting of the year held at the Cabinet Division on Tuesday.
The meeting was chaired by Finance Minister Amir Khasru Mahmud Chowdhury.
Under the revised framework, the time allowed for bid preparation and submission in international fuel procurement tenders will now be sharply reduced, replacing the earlier 42-day timeline that had long been in practice.
Officials said the change represents a major shift in the country’s procurement system, aimed at making fuel import procedures faster and more responsive to market needs.
With the new guideline in place, the Bangladesh Petroleum Corporation (BPC) will be responsible for implementing the expedited procurement process for refined fuel oil. The agency will now operate under the shortened bidding schedule while managing international suppliers.
According to officials, the reform is intended to improve efficiency in securing fuel supplies, particularly at a time when global energy markets remain volatile. By tightening the bidding window, authorities expect quicker contract finalisation and smoother replenishment of national fuel reserves.
The move is also seen as part of broader efforts to modernise procurement procedures and ensure a more stable energy supply chain by reducing delays in the import process.
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