Bangladesh Petroleum Corporation
Standard Asiatic Oil corruption: Eight employees siphon out Tk 21.64cr
Eight officials of Standard Asiatic Oil (SAOCL), a subsidiary of the Bangladesh Petroleum Corporation, have embezzled Tk 21.64 crore by showing advance cost and fake bill vouchers, found investigations by the Directorate of Power and Energy Audit and BPC.
A BPC concern robs state coffers of Tk 472.7cr
The government has been deprived of Tk 472.7 crore for 21 counts of irregularities by Standard Asiatic Oil Company, a subsidiary of the Bangladesh Petroleum Corporation, found an audit.
First jet fuel plant goes into operation
Partex Petro Ltd, an oil refinery, has started production and marketing of aviation fuel, becoming the first company in Bangladesh to manufacture the finished product for the growing air transport market.
BPC irregularities: JS committee stunned
There has been no external audit of the accounts of Bangladesh Petroleum Corporation over the last 10 years, the Parliamentary Standing Committee on Public Undertakings has found.
BPC plans to import discounted Russian diesel, jet fuel
Bangladesh Petroleum Corporation (BPC) is considering buying discounted diesel and jet fuel from Russia as it seeks relief from the elevated prices in the global market.
PM asks energy ministry, BPC to explain reasons behind fuel price hike
Prime Minister Sheikh Hasina has given directives to the respective ministry to clarify once again the reason behind the fuel price hike.
Diesel Tk 114 per litre, Octane Tk 135 from today
The government has increased prices of fuel, effective as of today (August 6, 2022).
“No shortage in fuel stock, don’t pay heed to rumours”
State Minister for Power, Energy and Mineral Resources, Nasrul Hamid has called upon the public to not pay heed to any rumours regarding shortage in fuel stock in the country.
Fuel stocks dwindling
Uncertainty looms over the country’s fuel stock as the Bangladesh Petroleum Corporation is finding it difficult to import fuel amid a dollar shortage at local banks.
BPC for new oil pricing formula
Bangladesh Petroleum Corporation has put forward a proposal to the energy ministry to introduce an automated pricing formula to adjust petroleum prices against international prices on a monthly basis.
Why are citizens paying so much more?
And it makes even less sense to now charge the same taxpayers' higher prices so that the BPC can deposit the subsidy amount to the government. What good is it to have citizens pay double and have the money sitting around in the government's coffers?
Bapex begins gas extraction at Sundalpur field
State-owned Bangladesh Petroleum Exploration and Production Company Limited (Bapex) begins extraction of natural gas from Sundalpur gas field in Noakhali.
Dhaka, Delhi to sign deal on energy cooperation
Bangladesh Petroleum Corporation (BPC) and Indian Oil Corporation Ltd (IOCL) to sign a memorandum of understanding (MoU) on cooperation of downstream oil and gas sector opportunities tomorrow.
Is making profit BPC's only job?
For around 15 years, Bangladesh had to struggle with import of oil because the price continued to climb from just $25 in1998 a barrel to $145 in 2008. The country's oil importing agency Bangladesh Petroleum Corporation (BPC) counted staggering losses from 1999 till mid 2014.
Price cut not on govt's mind
Bangladesh Petroleum Corporation this year is expected to log in twice the profit it counted in fiscal 2014-15 on the back of the low oil price on the international market. The benefits of this low price, however, are yet to trickle down to the consumers.
Draft Petroleum Corporation Act gets nod
Cabinet gives its final approval to the draft of Bangladesh Petroleum Corporation Act 2015 doubling the jail term and fine for defaulters.
BPC to buy spilled oil at Tk 30 per litre
Bangladesh Petroleum Corporation will pay Tk 30 for buying per litre of oil spilled from three wagons of a train that plunged into a canal in Boalkhali upazila in Chittagong.
