The government on Wednesday approved separate proposals in principle to procure some 38.60 lakh metric tons of refined fuel oil and some 16 lakh metric tons of crude oil to meet the growing demand in the country, reports BSS.

The approvals came from the 23rd meeting of the Cabinet Committee on Economic Affairs (CCEA) in this year held virtually.

Briefing reporters after the meeting, Cabinet Division additional secretary Md Rahat Anwar said that the day's CCEA meeting approved a total of three proposals.

He informed that following a proposal from the Energy and Mineral Resources Division, Bangladesh Petroleum Corporation (BPC) would procure some 38.60 lakh metric tons of refined fuel oil on G to G basis for the year 2023 under the Direct Procurement Method (DPM).

BPC would procure another 16 lakh metric tons of crude oil under the DPM method from Saudi ARAMCO, Saudi Arabia and ADNOC, Abu Dhabi for the next year, he added.

Bd-pratidin English/Golam Rosul