Energy Bangla

As the war in the Middle East began, global fuel oil prices have already started to rise. If the conflict continues for a prolonged period, there is a growing concern about potential supply shortages and price increases in Bangladesh as well.
Analysts warn that the Middle East conflict could create significant instability in the global energy market—particularly around the Strait of Hormuz.
Most of Bangladesh’s energy imports—including refined and crude oil, LNG, and LPG—pass through the Strait of Hormuz. There are no alternative sea routes for importing fuel from Saudi Arabia, Iraq, and the United Arab Emirates, which adds to the concern.
According to the Bangladesh Petroleum Corporation (BPC), the country currently has fuel reserves equivalent to 14 days of diesel, 28 days of octane, 15 days of petrol, 30 days of jet fuel, and 93 days of furnace oil. Additionally, a cargo carrying 100,000 metric tons of fuel has already crossed the Strait of Hormuz and is on its way to Bangladesh. Contracts for fuel imports for the next six months have already been secured.
Therefore, if the war does not become prolonged, Bangladesh is unlikely to face major problems, said Dr. A.K.M. Azadur Rahman, Director (Operations and Planning) of BPC. He added that Bangladesh imports energy from various countries beyond the Middle East, reducing the risk of disruption. However, BPC has already begun communicating with supplier countries to prepare for any situation.
Ten days ago, the price of fuel was around $61 per barrel, which has now risen to approximately $67. Concerned officials believe that if the conflict continues for a long time, prices could exceed $100 per barrel.