Nearly three-fifths of Bangladesh’s trade deficit is now driven by fossil fuel imports, underscoring how the country’s growing reliance on imported energy has become a major structural burden on the economy, said the UK-based energy think-tank Ember.

The Cabinet Committee on Government Purchase (CCGP) today approved the import of another 2.6 lakh tonnes of fuel oil, as the government moves to safeguard national energy reserves against the backdrop of the US-Israel war on Iran

Asks US for waiver of sanctions on Russian petroleum products; looks for supplies from India, Malaysia, Nigeria, Australia, America

Bangladesh is contemplating import of Russian oil via a third country.