Bangladesh
Russian Oil Russia will sell diesel at a price of less than Tk 40 per litre
Own Correspondent, Dhaka, August 19: Bangladesh is under pressure due to instability in fuel oil prices in the world market. To avoid losses, the government has increased the price of fuel at an unusual rate. This has had an impact on the prices of all kinds of commodities, which has led to intense discontent among the general public. In such a situation, the government is reaching out to Russia to buy fuel at a low price. Although earlier Russia showed interest in selling oil, Bangladesh did not proceed.
A meeting of the Executive Committee of the National Economic Council (ECNEC) was held on Tuesday under the chairmanship of Prime Minister Sheikh Hasina. In this meeting, oil import from Russia was discussed. Prime Minister ordered to review how oil can be imported from Russia. The head of government also asked why Bangladesh cannot buy oil from Russia if neighbouring country India can.
It is known that various sanctions of Europe, including the United States, are in force against Russia. As a result, the country is looking for customers to buy oil. Last week, the Russian oil production and marketing company Rosneft again sent a proposal to sell refined oil to Bangladesh.
Earlier Bangladesh was not interested in buying oil, but now Bangladesh is thinking about it. In the meantime, Bangladesh Petroleum Corporation (BPC) has formed a committee to discuss oil import from Russia.
According to BPC sources, BPC is currently spending about $125 per barrel (159 litres) to import diesel. The cost of bringing crude oil is 90 dollars. However, the Russian oil production and marketing company "Rosneft" will deliver diesel to Chittagong port at only 57.5 dollars per barrel. Accordingly, the import cost per liter of diesel will be less than Tk 40.
