Bangladesh Petroleum Corporation

What Bangladesh Petroleum Corporation does

Bangladesh Petroleum Corporation (BPC) is a statutory corporation wholly owned by the Government of Bangladesh, established by Ordinance No. LXXXVIII of 1976 and operational since January 1, 1977. BPC operates as the country's sole state-owned monopoly on petroleum import, refining, storage, and distribution, importing 92% of Bangladesh's fuel requirements and managing a national network of storage depots, the Single Point Mooring (SPM) facility for crude oil unloading, Eastern Refinery Limited for crude processing, and the cross-border Bangladesh-India Friendship Pipeline (operational since March 2023, 130 km, up to 1 million tonnes/year capacity). BPC functions as a holding company for eight wholly-owned subsidiaries covering regional petroleum marketing (Padma Oil, Jamuna Oil, Meghna Petroleum, Standard Asiatic Oil), LPG (LP Gas Limited), lubricants (Eastern Lubricants Blenders PLC), and pipeline transmission (Petroleum Transmission Company PLC), with over 10,000 filling stations serving individual consumers, commercial vehicle operators, industrial users, power plants, and 45,000+ telecom towers reliant on diesel backup generation.

BPC's revenue model is anchored on petroleum product sales (crude imports, refined petroleum imports, and domestically refined products) channelled through subsidiary distribution companies to retail and industrial customers, with retail prices fixed by the government rather than market-determined. Current government-controlled retail pricing — diesel at Tk 100/litre and octane at Tk 120/litre — has produced structural losses, with BPC incurring Tk 78 crore in daily losses and cumulative losses of Tk 17,039.56 crore since March 2025 due to Middle East conflict-driven Brent crude prices above USD 100/barrel. BPC's technology stack includes the Single Point Mooring offshore unloading facility, the cross-border pipeline replacing a 512-km rail route for diesel imports, the Bitumen Order and Delivery System (bitumen.bpc.gov.bd), and the recently piloted 'Fuel Pass' QR-code app integrated with Bangladesh Road Transport Authority data for vehicle-level fuel quota enforcement. Recent strategic moves include a Tk 354.65 billion Eastern Refinery modernisation approved in December 2025 to triple refining capacity to 4.5 million tonnes/year by November 2030, a March 2026 administrative reshuffle, appointment of new chairman Md Rezanur Rahman in February 2026, and a request for U.S. sanctions waiver to import Russian diesel in March 2026.

Name

Bangladesh Petroleum Corporation

Legal name

Bangladesh Petroleum Corporation

Website

https://bpc.gov.bd

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

Bangladesh Petroleum Corporation is a state-owned monopoly responsible for importing, refining, and distributing petroleum products across Bangladesh through eight subsidiaries, Eastern Refinery, and over 10,000 filling stations serving government, industrial, telecom, and retail fuel consumers at government-fixed prices.

Ownership category

akta.pro rank

Product category

Petroleum Products Distribution

NAICS

Petroleum Bulk Stations and Terminals (424710), Petroleum Refineries (324110), Pipeline Transportation of Refined Petroleum Products (48691), Petrochemical Manufacturing (32511)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Petroleum Refining (2911), Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD)

akta.pro secondary industries

Refined Products Pipeline Terminals & Breakout Storage Operations (TLAGABAJ), LPG / Propane-Butane Products Pipeline Transportation (TLAGABAH), LPG Pipeline Transportation (Propane/Butane Mix) (TLAGAEAB)

Keywords

• Petroleum imports
• Fuel distribution
• Crude oil refining
• LPG supply
• Lubricants production

Headquarters

HQ city

Chittagong

HQ country

Bangladesh

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel

Revenue model

1. Petroleum Product Sales: BPC generates revenue through importation, refining, and distribution of petroleum products including diesel, octane, petrol, furnace oil, jet fuel, and LPG. The corporation sells refined and crude petroleum products to subsidiary distribution companies and directly to consumers through the state fuel station network.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

Bangladesh Petroleum Corporation (BPC) is the state-owned holding company that imports crude oil and refined petroleum products, processes crude at Eastern Refinery Limited, and distributes finished fuels (diesel, octane, petrol, furnace oil, jet fuel), LPG, lubricants, and bitumen through eight wholly-owned subsidiary companies and a nationwide network of 10,000+ filling stations. BPC also manages strategic fuel reserves, the Single Point Mooring (SPM) facility, and the cross-border Bangladesh-India Friendship Pipeline for diesel imports.

Product overview

Bangladesh Petroleum Corporation (BPC) is a statutory corporation operating as a holding company for Bangladesh's petroleum sector. The organization manages a portfolio of eight subsidiary companies covering crude oil refining, refined petroleum product distribution, LPG gas, lubricants, and petroleum transmission. BPC's core operations include importing crude oil and refined petroleum products, processing crude at Eastern Refinery Limited, and distributing finished products through marketing subsidiaries including Padma Oil, Jamuna Oil, Meghna Petroleum, and Standard Asiatic Oil. Additional subsidiaries handle LPG (LP Gas Limited), lubricants (Eastern Lubricants Blenders PLC), and pipeline transmission (Petroleum Transmission Company PLC). The corporation also operates digital services including a bitumen ordering portal. BPC was established in 1976 under Ordinance No. LXXXVIII and began operations on January 1, 1977.

Differentiator

Problem solved

Functional benefit

Products and services

• Refined Petroleum Products (Diesel, Octane, Petrol, Furnace Oil, Jet Fuel) Imported refined petroleum fuels including diesel, octane, petrol, furnace oil, and jet fuel distributed to general consumers, industrial users, power plants, and transport operators across Bangladesh via subsidiary distribution companies and a network of 10,000+ filling stations.
• Crude Oil Refining (Eastern Refinery Limited) Crude oil processing and refining of petroleum products at Eastern Refinery Limited in Chittagong; current capacity 1.5 million tonnes per year with approved expansion to 4.5 million tonnes per year by November 2030.
• LPG (Liquefied Petroleum Gas) Supply Liquefied petroleum gas import, storage, bottling, and distribution for household cooking and commercial use across Bangladesh, operated through subsidiary LP Gas Limited.
• Lubricants Production and Marketing Blending and marketing of lubricating oils for industrial and automotive applications, operated through subsidiary Eastern Lubricants Blenders PLC.
• Bitumen Supply and Ordering System Bitumen product supply for road construction and infrastructure projects with online ordering and delivery management via the dedicated portal at bitumen.bpc.gov.bd.

Quantifiable outcome

• 92% of Bangladesh's fuel imported through BPC-managed infrastructure

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Numaligarh Refinery Limited (India)coreStrategic or Co-development Partner · 1 March 2023India-Bangladesh energy trade partnership through the 130-kilometre Bangladesh-India Friendship Pipeline. Numaligarh Refinery supplies 180,000 tonnes of diesel annually to Bangladesh, with recent emergency supplies of 5,000-45,000 tonnes during the fuel crisis caused by Middle East conflict. Pipeline inaugurated March 2023, links Siliguri (West Bengal) to Parbatipur (Dinajpur).

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Petrolimex (Vietnam National Petroleum Group): Vietnamese state-owned petroleum distribution major with refining, importing, LPG, and lubricants businesses. Comparable to BPC's integrated structure and the dominance of a state-controlled downstream network.
• Indian Oil Corporation: India's largest state-owned oil marketing and refining company, controlling crude imports, refining, and a nationwide fuel station network. Highly comparable as the dominant South Asian state petroleum corporation, and the parent of the Numaligarh Refinery that supplies BPC via the Bangladesh-India Friendship Pipeline.
• Pertamina: Indonesia's state-owned oil and gas company with refining, distribution, and LPG operations across the archipelago. Comparable as a large Southeast/South Asian state petroleum major with mandated fuel distribution and government-set pricing obligations.
• Bharat Petroleum Corporation Limited: Indian state-owned OMC with refining, marketing, and pipeline operations across the country. Directly comparable to BPC's mix of refining (Eastern Refinery), pipeline transmission (PTC), and bulk distribution through marketing subsidiaries.
• Hindustan Petroleum Corporation Limited: Another major Indian state-owned OMC with refining, bulk storage depots, LPG bottling, and a network of branded retail outlets. Closely mirrors BPC's portfolio across crude processing, depots, LPG, and retail fuel distribution.

Regional players

• Numaligarh Refinery Limited: Indian refinery that supplies BPC via the Bangladesh-India Friendship Pipeline. A direct counterparty and supply partner rather than competitor, but highly relevant because its reliability directly governs BPC's most resilient import route.
• Petrobangla: Bangladesh's state-owned upstream natural gas corporation, historically linked to BPC (BPC took over oil marketing functions from Petrobangla in 1977). Closely comparable as a sibling Bangladesh state energy entity under the same ministry, providing natural gas parallel to BPC's petroleum role.

Direct peers

• Pakistan State Oil: Pakistan's state-owned petroleum marketing monopoly, importing and distributing refined fuels through a nationwide network. Highly comparable as a South Asian state petroleum monopoly serving a similar GDP-per-capita market with similar structural challenges around pricing subsidies and import dependency.
• Ceylon Petroleum Corporation: Sri Lanka's state-owned petroleum monopoly. Direct comparable as a small South Asian country monopoly with import dependency and recurring subsidy-driven losses — analogous to BPC's structural model.
• Nepal Oil Corporation: Nepal's sole state-owned petroleum importer and distributor. Comparable as a small South Asian state monopoly with virtually 100% fuel import dependency and recurring financial stress from government-controlled retail pricing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bpc.gov.bd
• LinkedInlinkedin.com/company/bangladesh-petroleum-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bangladesh Petroleum Corporation