Padma Oil, Meghna Petroleum to sell duty-free marine oil

State-run companies Padma Oil Company Ltd and Meghna Petroleum Ltd will sell duty-free marine fuel. The decision has been taken as per the International Maritime Organization (IMO) regulation.

The Dhaka Stock Exchange (DSE) has confirmed the news on its website Wednesday.

Padma Oil said Bangladesh Petroleum Corporation (BPC) has fixed excise duty-free price of marine fuel for supplies to foreign or local ships plying on water territory of Bangladesh arrived at Chattogram and Mongla ports.

On the other hand, Meghna Petroleum will sell duty-free marine fuel as a bunker to the local and foreign ships sailing in the waters of Bangladesh.