Govt approves import of one lakh tonnes of diesel, two LNG cargoes

The government has approved the import of one lakh tonnes of refined diesel at a rate of $75.06 per barrel, along with two liquefied natural gas (LNG) cargoes, to meet growing energy demand amid the ongoing Middle East crisis.

The approval was given at a meeting of the Cabinet Committee on Government Purchase (CCGP), held virtually on Saturday chaired by Finance Minister Amir Khasru Mahmud Chowdhury.

Under the decision, one lakh tonnes of high-speed diesel (HSD), also known as automotive gas oil, will be imported from Kazakhstan-based Kazakh Gas Processing Plant LLP through direct procurement at the stated price.

In addition, the committee approved the import of two LNG cargoes from Singapore-based Aramco Trading Singapore Pte Ltd to help meet domestic gas demand.

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Earlier, three separate proposals were placed for importing a total of 16 lakh tonnes of diesel and 100,000 tonnes of petrol.

However, proposals to import 10 lakh tonnes of EN 590-10 ppm diesel and 100,000 tonnes of gasoline from UAE-based DBS Trading House FZCO, as well as 100,000 tonnes of diesel from Oman-based Maxwell International SPC, were withdrawn by the Energy Division despite prior approval from the Cabinet Committee on Economic Affairs.