No Shortage of Diesel in Country: BPC

There's no shortage of diesel in the country said the leader of the Bangladesh Petroleum Corporation (BPC) before warning stern measures against unscrupulous traders to stockpile in a bid to create an artificial crisis to make windfall profits.

"A rumor has swirled that the price of diesel would spike as supplies deplete," Shamsur Rahman, its president, told a media call on Wednesday (Jan 29).

On the increased sales of fossil fuel, the BPC chief said the government agency noticed the sales doubling in current January compared to January of the previous year.

He also said that the matter is being looked into.

“The stock of diesel is well enough to meet the demand of the next 13 days,” Rahman said before highlighting the estimated stock figures over the next six weeks.

“Rather, we were seeking ways to sell the excess diesel in the local market,” he added.

On smuggling of fuel, he said, “We have requested the Border Guard Bangladesh to beef up surveillance.”

According to the BPC chief, the state-owned entity has asked depots to reports on their stocks.

Source: