Wednesday, 1 February, 2023

Bangladesh may adopt Indian model for open-market fuel sales

Hasina, Modi may launch Numaligar fuel pipeline

  • Shamim Jahangir from New Delhi
  • 4th January, 2023 10:12:31 PM
  • Print news
Bangladesh may adopt Indian model for open-market fuel sales

The government may adopt the Indian experience in fuel import and distribution by the private sector as the government is drafting a policy for open market sales of petroleum fuels.

Bangladesh has sought Indian cooperation and experience in open market fuel sales on the local market by private companies.

During a bilateral meeting with Indian Minister of Petroleum and Natural Gas, Housing and Urban Affairs Hardeep Singh Puri, Nasrul Hamid sought the support from the Indian government.

The Indian counterparts have experience of fuel imports and marketing in the private sector, Nasrul Hamid said.

In addition to LNG and oil import prices, the meeting also discussed drilling of deep sea blocks and the commissioning of the Numaligar pipeline, he noted.

Following the meeting, Nasrul Hamid met with Raj Kumar Singh, the Indian power minister.

Moreover, they discussed formal commissioning of the 1320MW Rampal power plant, as well as power imports from Adani.

 India and Bangladesh both stressed the need for renewed fuel imports in the coming days.