Bangladesh is going backwards, whereas the global base oil market is shifting to high-quality oils to meet the requirement of the modern machinery.
In Bangladesh, nearly 45 per cent market of the barrel oil segment is captured by low-quality lubricants.
These are being produced from the recycled base oil, low-quality base oil, or sometimes from the straight mineral base oil without mixing any additives.
The additive less mineral base oil is strictly prohibited to use as an engine oil.
Few lubricants oil manufacturers are blending non-standard engine oil by mixing some virgin base oil with recycled base oil, which damages equipment worth million USD every year.
The low-quality engine oil is a big concern now.