Cabinet approves six proposals involving Tk1,286cr

The Cabinet Committee on Government Purchase (CCGP) has approved a total of six proposals worth Tk1,286.

The Cabinet Committee on Government Purchase (CCGP) has approved a total of six proposals worth Tk1,286cr.

The procuring proposals include- LNG from the spot market, 1.10 crore litres of soybean oil and 8,000 metric tons of lentil to meet the growing demand of the country.

Finance Minister AHM Mustafa Kamal presided over the virtual meeting on Wednesday (February 15).

Briefing reporters after the meeting virtually, Cabinet Division additional secretary Sayeed Mahbub Khan informed that following a proposal from the Energy and Mineral Resources Division, Petrobangla would procure some 1 cargo or 33.60 lakh MMBtu LNG from the spot market with a cost of around Taka 690.42 crore where per MMBtu LNG would cost $16.5. Japanese company M/S Jera Company Inc, which is among the signatories of the Master Sale and Purchase Agreement, would supply this LNG.

He said following separate proposals from the Ministry of Commerce, the state-run Trading Corporation of Bangladesh (TCB) would procure some 1.10 crore litres of soybean oil from City Edible Oil Ltd with around Taka 191.96 crore where per litre oil would cost Taka 174.5 against the previous per litre price of Taka 176.88.