Authorities in Bangladesh have greenlit a major procurement of petroleum products to safeguard the nation’s energy reserves and accommodate escalating domestic consumption.
The initiative aims to prevent potential shortfalls across the country between June and August 2026, thereby anchoring stability within the volatile domestic energy sector.
The decision was finalised on Wednesday during a session of the Cabinet Committee on Government Purchase (CCGP) at the Bangladesh Secretariat. Finance Minister Amir Khosru Mahmud Chowdhury presided over the high-level meeting.
In the proceedings, four separate international tender proposals were cleared for the Energy and Mineral Resources Division. The strategic contracts include the procurement of low-sulphur gas oil, aviation turbine fuel, furnace oil and high-octane gasoline.
To execute the procurement, the government has divided the imports into four substantial financial packages, heavily relying on major Singapore-based commodities traders.
Unipec Singapore Pte Ltd successfully secured the first contract. Valued at approximately Tk 7,672.66 crore, the agreement requires the firm to deliver 0.005 per cent sulphur gas oil alongside Jet A-1 aviation fuel.
A secondary agreement for identical fuel categories was granted to Vitol Asia Pte Ltd. This second package will require an estimated state expenditure of Tk 6,711.75 crore.
By splitting the bulk diesel and aviation fuel orders between two different international vendors, authorities aim to insulate the national supply chain against unforeseen geopolitical or logistical disruptions.
For the provision of furnace oil, the committee selected Trafigura Pte Ltd under a third package worth Tk 1,900.04 crore.
Meanwhile, Vitol Asia captured the fourth and final package, agreeing to supply 95-octane gasoline for Tk 748.96 crore.
Energy officials noted that diversifying the supplier base remains a priority for the government. The multi-pronged sourcing strategy is expected to act as a buffer, ensuring that the country’s transport and industrial sectors operate without interruption throughout the peak summer months.
