Why Bangladesh Lubricating Oil Market So Uncontrolled?

7
426
Lubricating Oil Market
Why Bangladesh Lubricating Oil Market so uncontrolled?

Sharing is caring!

Before 2000, only state-owned oil companies were allowed to blend, import and distribute the lubricants in Bangladesh.

In 2001,  the government has liberalized the lubricant market to ensure a minimum standard for this industry.

Then the blending, importing, and distribution of non-additive engine oils was also banned and the  API specification SC/CC got the minimum standard.

Since then, more than 100 lubricants brands have entered into this market.

Then the government-owned oil companies have started losing their market share to private blenders and importers of finished lubricants.

After that, no more industry-oriented regulation brought by the government.

The budget for FY 2018-19  has allowed importing the recycled base oil and refining oil which was banned in the year 2017 by the trade ministry.

Market Observers say it will make the lubricating oil market more uncontrolled.

Still, the low-quality engine oil is a concern. And the absence of proper monitoring has opened the market for recycled oil as base oil, and non-use of the proper additive by the illicit lube blenders.

Sharing is caring!
  •  
  •  
  •  
  • 2
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    2
    Shares

7 COMMENTS

  1. Wow, wonderful blog layout! How lengthy have you been blogging for?
    you made running a blog glance easy. The entire look of
    your web site is wonderful, let alone the content!

  2. You should take part in a contest for one of the most useful websites on the internet. I will highly recommend this web site!

  3. What line of work are you in? viagra 100mg kaina 10 tablet Grace Wu, banking analyst at Daiwa Capital Markets in Hong Kong, said M&A in Hong Kong’s banking sector historically has had price to book ratio multiples of between 2.5 and 3.3 but the since 2000, the average has been 1.9.

LEAVE A REPLY

Please enter your comment!
Please enter your name here