The Cabinet Committee on Economic Affairs on Saturday approved in principle three separate proposals to procure some 16 lakh metric tons of diesel and 1 lakh metric tons of octane to meet the growing demand for energy in the country amid global geopolitical instability.
The approval came from the 8th meeting of the committee held virtually with Finance Minister Amir Khosru Mahmud Chowdhury in the chair.
The meeting reviewed three proposals from the Energy and Mineral Resources Division and thus approved those in principle, said Cabinet Division officials.
In response to the first proposal, the meeting decided to import 10 lakh metric tons of En590-10 PPM diesel and 1 lakh metric tons of octane (gasoline 95 unladed) from DBS Trading House FZCO through direct procurement method (DPM) under international purchase.
The meeting approved another proposal to procure 1 lakh metric tons of 50 PPM sulfur diesel from Maxwell International SPC through direct procurement method under international purchase.
It also considered and thus approved a proposal to import 5 lakh metric tons of High Speed Diesel (AGO) from Kazakh Gas Processing Plant LLP through DPM method under international purchase.