BPC to fix prices of locally produced diesel, octane, petrol
A drop of diesel is seen at the tip of a nozzle in a petrol station in Nice, France, October 20, 2021. Photo: Reuters
The Bangladesh Petroleum Corporation (BPC) from now on will set the prices of diesel, octane and petrol which are produced from gas byproducts – condensate and naphtha – by local refineries.
In a notification on Monday (10 October), the Ministry of Power, Energy and Mineral Resources said the BPC will issue a release within the first week of every month setting the new rates according to Platts, an international standard for assessing fuel oil rates.
Platts is a source of benchmark price assessments in the physical energy markets.
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Prior to this move, local refineries would set the prices of the locally produced diesel, octane and petrol in discussion with the BPC.
