This follows from the 4.4 per cent drop in profit for the 2019-20 financial year that ended on June 30. Masudur Rahman, managing director of Padma Oil told Dhaka Tribune. The Padma Oil Company is a subsidiary of Bangladesh Petroleum Corporation (BPC), a statutory organisation of the government under the ministry of power, energy, and mineral resources. Recently, Padma Oil Company signed agreements with three liquefied petroleum gas (LPG) suppliers – Energypac Power, Beximco LPG Unit-1 and Omera Gas One - as part of its business expansion. Under the agreements, the companies will sell their LPG by establishing LPG (Autogas) refuelling station and LPG conversion workshop parallel to the sale of petroleum oil through the company’s registered filling stations across the country.

Source: Dhaka Tribune December 27, 2020 19:41 UTC