The state-owned petroleum distributor Padma Oil Company Limited, subsidiary of Bangladesh Petroleum Corporation (BPC), has signed agreements with Beximco and Energypac Power Generation to sell Autogas at its service station network.

Regarding the first agreement, it will enable the Beximco to install LPG dispensers through the registered filling stations of Padma Oil. “This is a milestone for the LPG sector of Bangladesh and will ensure the spread of Autogas across the country,” said Beximco LPG CEO Mrinal Roy.

Beximco Group plans to set up 500 Autogas stations across the country, as it was granted 500 franchise licenses for LPG outlets from the Ministry of Energy & Mineral Resources Division.

In the case of Energypac, the contract will allow the supplier of electrical equipment to also setup Autogas pumps and conversion workshops at Padma Oil’s registered stations. Currently, Energypac operates 30 LPG refuelling sites at various private service stations, while it is permitted to establish up to 300 Autogas new stations.

“This deal is a part of the government’s endeavour to expand LPG use in the country,” said Abu Sayed Raza, General Manager of Energypac. “So now, we have a target to cover nearly 200 of Padma’s registered filling stations.”

As per both agreements, Padma and BPC both will receive a royalty of Tk 0.50 per litre of LPG that is sold by Beximco and by Energypac through the state-run company’s numerous filling stations. For more information, please check these two links.

16 September 2020