The three state-run oil companies in Bangladesh booked double-digit growth in profits during the first nine months of the current fiscal year even after a decline in sales mainly due to a rise in income from bank deposit interests.
As per the new formula, the price of jet fuel will be calculated each month by adding the average rate quoted by the Platts Asia Pacific/Arab Gulf (APAG) Marketscan for the preceding month with other expenses.
The state-owned Eastern Refinery (ERL) is likely to build its long-planned second unit in partnership with Chattogram-based conglomerate S Alam Group after previous attempts to expand the country’s oil refining capacity fell through because of a lack of financing.
The state-owned Eastern Refinery (ERL) is likely to build its long-planned second unit in partnership with Chattogram-based conglomerate S Alam Group after previous attempts to expand the country’s oil refining capacity fell through because of a lack of financing.
State-owned Padma Oil's profit fell 18 percent year-on-year in the three months to December last year while another such oil marketer Meghna Petroleum registered an 8.6 percent growth in profit in the same period.