Bangladesh Petroleum Corporation
Profile
- Head
- Md Rezanur Rahman
- Role
- Chairman
- Annual budget
- —
- Staff
- —
- Established
- 1976
- Legal basis
- Bangladesh Petroleum Act 1974; Bangladesh Petroleum Corporation Ordinance 1976 (Presidential Ordinance No. 88, dated 13 November 1976)
The Bangladesh Petroleum Corporation is focused on maintaining national energy security and stable fuel pricing amidst high import costs and global supply chain volatility.
Recent activity
- 2026-04-18 policy Government adjusted retail fuel prices for diesel, kerosene, petrol, and octane.
- 2026-04-19 policy BPC authorized increased daily sales quotas for diesel, petrol, and octane to stabilize supply.
- 2026-04-30 policy Government issued an order maintaining fuel prices set on April 18 throughout May.
- 2026-04-30 procurement BPC finalized the purchase of 100,000 metric tonnes of diesel from Mazda Oil Company Limited.
- 2026-05-06 statement BPC Chairman announced a strategic goal to expand national fuel reserve capacity to three months.
- 2026-05-17 other BPC reported the arrival of 14 oil-carrying ships to ensure uninterrupted supply.
Provenance & notes
Chairman Md Rezanur Rahman appointed 2 February 2026 per Ministry of Public Administration notification (jagonews24.com); his appointment date cross-checked against reporting in india.com and bdnews24.com identifying him by name as BPC Chairman in March-April 2026. BPC was established by Presidential Ordinance No. 88 dated 13 November 1976 under the Bangladesh Petroleum Act 1974 (Banglapedia, Wikipedia). BPC oversees eight subsidiaries: ERL (wholly owned), LP Gas Limited (wholly owned), ELBL (wholly owned), PTCPLC (wholly owned), Padma Oil Company PLC (joint venture), Meghna Petroleum Limited (joint venture), Jamuna Oil Company Limited (joint venture), and SAOCL (50% stake). The restructuring to five entities (Meghna+Jamuna merger; ERL+ELBL+SAOCL merger) was approved May 2026. Diesel price history cross-checked: Tk 100/litre held through April 2026 per The Daily Star; raised to Tk 115 on 7 May per BSS and Daily Star. Eastern Refinery shutdown dates: CDU halted 12 April 2026, resumed 7 May 2026 (26 days) per BSS, New Age, Financial Express, and Daily Star. The Bangladesh-US energy MoU was signed on 14 May 2026 (US date) at US DOE, Washington; BPC is the designated sectoral implementing entity for petroleum product imports. Annual budget figure not published in accessible form on BPC website as of May 2026; BPC budget 2025-26 page exists at bpc.gov.bd but detailed figures are in Bangla PDF not extracted here. Verification based on 2+ primary sources for all material claims.
Sources
- https://bpc.gov.bd
- https://en.banglapedia.org/index.php/Bangladesh_Petroleum_Corporation
- https://en.wikipedia.org/wiki/Bangladesh_Petroleum_Corporation
- https://www.emrddashboard.gov.bd/agency/2/Bangladesh+Petroleum+Corporation+(BPC)
- https://www.jagonews24.com/en/national/news/89566
- https://banglamirrornews.com/2026/03/03/136000mt-of-fuel-in-stock-no-possibility-of-price-hike/
- https://www.daily-sun.com/bangladesh/861713/bangladesh-has-136-000-tonnes-of-fuel-in-reserve
- https://www.tbsnews.net/bangladesh/energy/bpc-pays-over-tk1200cr-extra-fuel-imports-due-middle-east-conflict-1394136
- https://en.prothomalo.com/bangladesh/y0c7xy9hdw
- https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/031226-bangladesh-seeks-gasoil-cargoes-from-china-india-amid-supply-crunch
- https://www.india.com/news/world/bangladesh-india-united-states-crude-oil-tarique-rahman-narendra-modi-jaishankar-israel-mohammad-rezanur-rahman-petroleum-global-oil-crisis-8337354/
- https://bdnews24.com/bangladesh/d21fd064d6ee
- https://en.bd-pratidin.com/national/2026/04/15/60711
- https://www.thedailystar.net/business/news/govt-approves-import-26-lakh-more-tonnes-fuel-4140061
- https://en.bd-pratidin.com/economy/2026/04/14/60671
- https://www.thedailystar.net/news/environment/natural-resources/energy/news/eastern-refinery-production-drops-sharply-amid-crude-shortage-4151691
- https://www.tbsnews.net/bangladesh/energy/eastern-refinery-halts-operations-amid-crude-shortage-restart-expected-early-may
- https://www.bssnews.net/business/385254
- https://www.newagebd.net/post/power-energy/299164/eastern-refinery-resumes-crude-processing
- https://thefinancialexpress.com.bd/trade/eastern-refinery-resumes-production-after-crude-oil-arrival
- https://www.thedailystar.net/news/environment/natural-resources/energy/news/bpc-orders-padma-meghna-jamuna-increase-fuel-supply-nationwide-4155671
- https://www.bssnews.net/news/379691
- https://www.thedailystar.net/news/environment/natural-resources/energy/news/govt-hikes-fuel-prices-4154641
- https://www.thedailystar.net/news/bangladesh/news/diesel-now-tk-115-octane-tk-140-4154861
- https://www.dhakatribune.com/bangladesh/power-energy/408215/fuel-price-hike-in-bangladesh-despite-global-decline-raises-inflation-fears
- https://www.thedailystar.net/news/environment/natural-resources/energy/news/bangladesh-us-sign-deal-energy-cooperation-4176351
- https://www.tbsnews.net/bangladesh/bangladesh-us-sign-energy-cooperation-mou-washington-1439656
- https://www.bssnews.net/news-flash/387266
- https://en.prothomalo.com/bangladesh/iw8luclbxh
- https://www.jagonews24.com/en/biz-econ/news/89260
- https://www.tbsnews.net/bangladesh/energy/bpc-approves-1b-fuel-import-plan-2026-119m-india-882m-other-g2g-deals-1313751
- https://asianews.network/bangladeshs-fuel-stocks-tight-amid-geopolitical-tensions-but-relief-in-sight/