Bangladesh to cut gasoil imports to avoid fallout of dwindling forex reserves

Bangladesh will reduce imports of 0.005% sulfur gasoil by at least 20% within the next one year, as part of the country’s austerity drive to trim fuel oil purchases and save foreign exchange reserves, said Khaled Ahmed, the director of operations and planning at Bangladesh Petroleum Corp., or BPC. The country’s energy and mineral resources division under the Ministry of…