Beximco LPG, Jamuna Oil Company Ltd team up to widen the Autogas market

01st September 2021

Beximco LPG Unit – 1 Ltd., has 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 Chottogram office of Jamuna Oil Company Ltd. at Jamuna Bhaban, Agrabad C/A, Chottogram on Wednesday 1st September at 11 am.

This agreement will ensure rapid penetration of AutoLPG for use in automobiles across the country. 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 AutoLPG pumps. Currently, Jamuna Oil has a network of 750 filling stations while Beximco LPG was granted 500 franchise licenses for AutoLPG stations and 25 licenses for Conversion Workshops by the Ministry of Energy & Mineral Resources earlier in 2016.

The agreement was signed by Mr. Md Gias Uddin Ansary (Managing Director, Jamuna Oil) and Mr. Mrinal Roy (Chief Executive Officer, Beximco LPG). The signing ceremony was attended by GM (HR) Mr.  Md Masud Karim, DGM (Finance) Mr. Khasru Azad, DGM (Accounts) Md Masudul Islam, DGM (P&D) Mr. Md Jasim Uddin, DGM (Sales) Mr. Abdus Sabur Khan, AGM (Audit) Mr. Arshad Azgar Choudhuri  and among others on behalf of Jamuna Oil Company. The program was further attended by Mr. Mehedi Hasan (General Manager, Sales & Marketing), Ms Tasnuva Choudhury (Head of Business Development) and Mr. Abu Bokor Siddiqui (Regional Sales Manager, CTG) from Beximco LPG.

Speaking at the ceremony, Mr. Mehedi Hasan (GM, Sales & 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.”