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State-run listed company Jamuna Oil has teamed up with Bashundhara LP Gas Ltd to increase the sales of liquefied petroleum gas (LPG) around the country. Now, Bashundhara will build LPG pumps in filling stations and supply the gas to the stations owned by Jamuna and in exchange the latter will receive a royalty or commission of Tk 0.5 per litre of LPG sales. Both the companies
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PIO arrested for misappropriating over Tk 16 lakh by forging Madhabpur UNO’s signature
Mohammad Masudul Islam Star Digital Report Star Digital Report
The project implementation officer (PIO) of Habiganj s Madhabpur upazila has been arrested on charge of misappropriating Tk 16.68 lakh through forging signature of the local upazila nirbahi officer (UNO).
Mohammad Masudul Islam was arrested in bordering Balla check post area of Chunarughat upazila of the district last night, our Moulvibazar correspondent reports quoting Officer-in-Charge of Madhabpur Police Station Md Abdur Razzak.
Assistant Superintendent of Police (Madhabpur Circle) Mohsin Al Murad said Madhabpur UNO Fatema-Tuz-Zohra lodged the complaint yesterday evening.
State-run fuel suppliers’ earnings drop in Q1
Falling interest income and poor sales to blame
Earnings of state-run fuel supplying companies dropped in the July-September period due to a sharp fall in income from bank deposits and in fuel sales amid the Covid-19 outbreak.
Padma Oil s earnings fell 14.5 per cent year-on-year to Tk 62.89 crore in the first quarter of fiscal 2020-21.
Meghna Petroleum s earnings plummeted 13.4 per cent to Tk 70.78 crore and that of Jamuna Oil 12.5 per cent to Tk 44.9 crore.
All three companies used to have a handsome amount as bank deposit and the interest incomes are their main source of earnings.