The Bangladesh Petroleum Corporation (BPC) has already started discussions with potential alternative suppliers and is hopeful of importing crude oil from a new source soon

Citing the rapid depletion of its cash reserves, BPC said continued losses could affect its ability to open letters of credit (LCs) for future fuel imports, according to minutes of a BPC board meeting in July.

Costlier crude imports are pushing up subsidies, inflation and pressure on reserves after renewed conflict unsettled global energy markets

BPC plans two more refineries in Matarbari and Payra

The Bangladesh Petroleum Corporation (BPC) says it cannot encash deposits worth nearly Tk 1,700 crore held with seven private banks, which the government agency blames for causing delays to its development projects and disrupting regular operations.

Bangladesh must invest more in renewable energy and energy efficiency to reduce fossil fuel imports to reverse the increasing trajectory of the subsidy burden.

The ITFC, part of Saudi Arabia's Islamic Development Bank, said the financing was aimed at developing Bangladesh's energy infrastructure

However, both of the state-owned oil marketer made profits in Jul-Dec period

The company has been selling its bitumen plant's by-products like diesel and petrol to the BPC

Government must reduce financial burden for citizens

Earlier, it would take 10 days

It’s time to address the technical, operational, managerial, design and planning aspects of the energy crisis.

BPC once again found to be at the centre of it

The national energy crisis is a direct result of the corruption and nepotism encouraged by the indemnity law.

It must be made accountable for its irregularities

For the past two months a storage tank of state-run Padma Oil Company containing nearly 6,000 tonnes of furnace oil has been kept sealed off by Custom House, Chattogram on charges of dodging duty of Tk 116.74 crore.

There has been no external audit of the accounts of Bangladesh Petroleum Corporation over the last 10 years, the Parliamentary Standing Committee on Public Undertakings has found.

The government must reconsider its fuel price hike decision

After the latest fuel price hike, Bangladesh Petroleum Corporation will make a profit of Tk 205 crore per month, provided that the dollar price continues at the rate of July.

Does the government at all care about the socioeconomic fallout of massive fuel price hikes?