Beximco LPG, Jamuna Oil team up to widen autogas market

Beximco LPG Unit – 1 Ltd entered into an agreement with Jamuna Oil Company Ltd, a subsidiary of Bangladesh Petroleum Corporation, enabling Beximco LPG to setup LPG pumps and commence sales of autogas through the registered filling stations of Jamuna Oil Ltd. The signing ceremony took place at the Chattogram office of Jamuna Oil Company Ltd at Jamuna Bhaban, Agrabad C/A, Chottogram. This agreement will ensure rapid penetration of auto LPG for use in automobiles across Bangladesh.

As per the agreement, Jamuna Oil and Bangladesh Petroleum Corporation will each receive a royalty of Tk 0.50 per liter of LPG that is sold by Beximco LPG through their established auto LPG pumps. Currently, Jamuna Oil has a network of 750 filling stations while Beximco LPG was granted 500 franchise licenses for auto LPG stations and 25 licenses for Conversion Workshops by the Ministry of Energy and Mineral Resources earlier in 2016, said the release.

The agreement was signed by Md Gias Uddin Ansary, managing director, Jamuna Oil and Mrinal Roy, chief executive officer of Beximco LPG. General Manager Md Masud Karim, deputy general managers Khasru Azad, Md Masudul Islam, Md Jasim Uddin, Abdus Sabur Khan, and assistant general manager Arshad Azgar Choudhuri, among others, attended the event on behalf of Jamuna Oil Company. Mehedi Hasan, general manager, sales and marketing, Tasnuva Choudhury head of business development and Abu Bokor Siddiqui regional sales manager, Chattogram, from Beximco LPG attended the event.

Speaking at the ceremony, Mehedi Hasan GM, sales and marketing, Beximco LPG, said, ‘This agreement with Jamuna Oil Company will stand as a milestone for the rapid progress and development of the automotive fuel sector of the country. Beximco LPG commits delivery of the best quality LPG mix of Propane and Butane to ensure that the fuel reaches the required Octane number and causes no damage to the engine of the vehicle.’