Bangladesh importing 77,000 mt of diesel from India

United News of Bangladesh . Dhaka | Published: 00:45, May 23,2018 | Updated: 00:51, May 23,2018

 
 

The government is going to import 77,000 metric tonnes (578,420 barrels) of diesel from India through rail wagon to meet the domestic demand of the petroleum for a period between May and December in 2018.
According to official sources at the energy division, the state-owned Bangladesh Petroleum Corporation has already completed negotiation with the Indian authorities to import the bulk petroleum.
Indian state-owned Numaligor Refinery Limited will supply the petroleum from its Shiliguri marketing terminal on 35 wagons. Each wagon will carry 22,000 metric tonnes of diesel, said the BPC officials.
The wagons will arrive at the Parbotipur oil depot in Bangladesh from the Shiliguri terminal.
An energy division document obtained by the agency said that Bangladesh has to spend about Tk 410.56 crore to import the bulk diesel.
The price of each barrel of diesel was fixed at $79.690 on the basis of standard operative procedure while the premium on each barrel was set at $5.50.
The price was estimated as per Plutts` reference price of diesel on March 26, 2018 on the international market. The dollar rate was estimated at Tk 83.50.
In this case, the government will spend $3.159 million (equivalent to Tk 26.38 crore) for premium of the 77,000 mt of diesel while $48.934 (equivalent to Tk 382.23 crore) for price of petroleum and Tk 1.95 crore for insurance to import of the diesel.
Officials said that the diesel was being imported from India as part of the government`s 15-year long term deal under which a cross border pipeline was being built from Numaligor refinery in Indian state of Assam to Parbotipur oil depot located in the north-western bordering area of Dinajpur in Bangladesh.
Of the total 130-km cross-border pipeline named as ‘Indo-Bangla Friendship Pipeline’, some 125-km is located in Bangladesh while only five km in India.

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