To address potential fuel shortages, the government is actively exploring alternative sources for petroleum imports in March. Each vessel carries approximately 25,000–30,000 tonnes of fuel, with a total of sixteen shipments planned. However, ongoing regional conflicts have created uncertainties, and supply schedules may be delayed. In response, authorities are seeking additional imports outside existing contracts, including offers of extra supply from India.
An official from the Ministry of Power, Energy, and Mineral Resources confirmed that refined fuel contracts remain valid until June. Nevertheless, disruptions in unpaid crude oil imports may affect supply chains, potentially delaying deliveries in May. To counter such risks, the government is considering supplementary procurement through government-to-government agreements, open tenders, or direct purchases.
The Bangladesh Petroleum Corporation (BPC) normally imports fuel via fifteen tankers per month. Despite plans for sixteen shipments in March, some vessels have been delayed due to the ongoing conflict.
March Tanker Schedule
| Date | Number of Tankers | Status / Remarks |
|---|---|---|
| 11 March | 6 | Arrived |
| 13 March | 3 | Scheduled arrival |
| 31 March | 7 | Confirmed, timing yet to be finalised |
Approximately 20% of global fuel transport passes through the Strait of Hormuz. Following the outbreak of regional hostilities, Iran temporarily closed this critical passage, allowing only a limited number of vessels daily. The Bangladeshi government has requested safe transit, and Iran has assured no obstruction will occur.
Panic buying has led to a 25% reduction in fuel supply at filling stations, with rationing imposed for motorcycles and private vehicles. Supplies for diplomatic and essential vehicles may see slight increases.
State Minister for Power, Energy, and Mineral Resources, Anindya Islam Amit, stated that March fuel supply remains sufficient. Nevertheless, the government is preparing to secure alternative sources for April and May, considering potential imports from Africa, the United States, and India.
Indian Fuel Supplies
| Source | Quantity (tonnes) | Transport Mode |
|---|---|---|
| Numaligarh Refinery Limited | 120,000 | Pipeline |
| Additional Proposed Supply | 60,000 | Pipeline |
| Indian Oil Corporation Limited | 105,000 | Maritime |
The ongoing Middle East conflict has significantly increased transport costs. Pipeline delivery from India costs approximately $5.50 per barrel, while maritime transport ranges from $45 to $76 per barrel. BPC is evaluating options based on supply capacity, quality, and cost to identify the most reliable source.
Experts emphasise that diversifying import sources is crucial for national energy security. While affordability is important, the government must avoid purchasing substandard fuel. Expanding imports from India could stabilise supply while reducing overall costs.