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Impure Petroleum

Impure Fuels Continues to run Illegal Condensate Selling

Dec 20 • Market Analysis • 197 Views • 8 Comments on Impure Fuels Continues to run Illegal Condensate Selling

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It has found, the car and motorbike users had to buy the adulterated fuels from the fuel stations out of the cities. The sale of impure petroleum continues with the authorities taking no steps to check the unscrupulous business by a section of fuel dealers.

Those car and motorbike users supposed that the adulterated fuel is destroying the engines.

Bangladesh Petroleum Corporation (BPC) is aware of this adulteration but they are yet to permanently stop the trade of impure petroleum sold at the outside city’s filling stations.

Three years back, an investigation run by BPC revealed that some corrupt businessmen have been selling the adulterated condensate to many petrol pumps.

BPC found out that most of the 6245 dealers, agents and distributors were engaged in adulteration of petroleum products as well as illegal marketing of costly fuels.

Widespread irregularities have pushed down the petroleum sales of Bangladesh Petroleum Corporation by 13.62% in 2015, costing the national exchequer Tk 425 crore.

Private refineries were illegally involved in selling condensate to filling stations instead of the Bangladesh Petroleum Corporation.

However, a total of 12 named refineries had reportedly been selling condensate to different privately-owned filling stations in backroom dealings, violating the contract and defying the yield pattern of the Energy and Mineral Resources Division.

Later, the government has stopped selling condensate to the private refineries after it. However, once the corporation resumed selling to private refineries under the yield pattern, petrol sales jumped by 83% to 191,299 tonnes and diesel by 8% to over 3 million tonnes between October 2016 and June 2017.

“Recent monitoring has somewhat decreased the illegal condensate selling. Still, this trend of illegal fuel trading continues and the government’s losses in revenue from petroleum sales will keep accelerating,” BPC officials said.

The government should strictly monitor all of the private condensate fractionation plants and it’s distribution policy.

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8 Responses to Impure Fuels Continues to run Illegal Condensate Selling

  1. Anonymous says:

    POOR BPC….
    CONFUSED YRT FOR TAKEN PROPER STEP….
    RESULT BOTTOMLESS….

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