The government has approved the import of 480,000 metric tonnes of fuel oil, including 390,000 tonnes of diesel and 90,000 tonnes of jet fuel, to strengthen the country’s fuel reserves amid geopolitical tensions in the Middle East.

The fuel will be supplied by Unipec Singapore Pte. Ltd. at an estimated cost of Tk7,672.66 crore through an international open tender process, according to the Energy and Mineral Resources Division.

Officials said the move is aimed at raising Bangladesh’s fuel reserve capacity to 90 days, up from the current level of around 60 days, ensuring uninterrupted industrial, agricultural and transport activities.

The Bangladesh Petroleum Corporation (BPC) has already issued the Notification of Award (NOA) to the supplier, and deliveries are expected to begin after the final agreement is signed.

Authorities said there is currently no fuel shortage in the country and expressed confidence that regular imports and expanded storage capacity will help maintain a stable energy supply despite volatility in the global fuel market.