BPC Chairman Abu Hena Md Rahmatul Muneem told the Dhaka Tribune: “The deal is a part of a cooperation plan between the two neighbours. “The diesel shipment will arrive by rail on Sunday.”The purchase of 2,288 tonnes of diesel was confirmed in late 2015, ahead of another 2,200 tonnes of diesel shipment in 2016. The deal was made between BPC and Numaligarh Refinery Ltd (NRL), a subsidiary of Indian state-owned Bharat Petroleum Corporation. The previous shipment in March 2016 had Bangladesh pay $7 per barrel for the 2,200 tonnes of diesel purchased from NRL. The costs of fuel transportation and the loss from evaporation will be covered from the premium.

Source: Dhaka Tribune January 14, 2017 17:36 UTC