Process Begins to Import Diesel from Indonesia, Kazakhstan, and Malaysia

PNN Staff Report

Due to the ongoing war situation in the Middle East causing instability in the global fuel market, the government has taken initiatives to import oil from alternative sources to ensure the country’s energy security. Negotiations with several countries have already begun, according to the Cabinet Division.

On Thursday night (April 2), after a special Cabinet meeting at the National Parliament, Cabinet Secretary Nasimul Ghani provided this information. The meeting was chaired by Prime Minister Tarique Rahman.

The Cabinet Secretary said that due to the situation in the Middle East, uncertainties have arisen in international supply. In this context, the government is working to ensure fuel imports from alternative sources.

He stated that under a government-to-government agreement with an Indonesian company, a process is underway to import 60,000 metric tons of diesel. Additionally, a direct purchase proposal from Kazakhstan for 100,000 metric tons of diesel has been approved. Fuel import from Malaysia is also progressing, and one ship has already arrived at Chittagong port.

Government sources said that despite rising international prices, subsidies in the fuel sector are being maintained to reduce pressure on the general public. Currently, the country has nearly a month’s supply of fuel.

Nasimul Ghani urged the public not to panic or stockpile excessive fuel. He said the government is closely monitoring the situation and will procure fuel from the spot market if necessary.

The government has also taken some austerity measures to save fuel, including changing office timings and closing shopping malls by 6 p.m. The hope is that importing fuel from alternative sources will help maintain industrial production and electricity supply amid global uncertainties.