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The government has launched a major initiative to increase Bangladesh’s strategic fuel storage capacity to 90 days by 2027, aiming to strengthen energy security and protect the economy from global geopolitical and market disruptions.
Bangladesh Petroleum Corporation (BPC) Chairman Md Rezanur Rahman said the country’s fuel reserve capacity will increase from the current 60 days to 71 days by December 2026 before reaching the 90-day target in 2027.
To meet the goal, the Energy Division and BPC are expanding existing storage facilities, constructing new depots, refurbishing inactive tanks and leasing unused storage from private firms as well as public entities, including Bangladesh Railway and the power sector.
Bangladesh’s petroleum demand is projected to reach 8.42 million tonnes in 2026. BPC’s six operating companies currently have a combined storage capacity of more than 1.54 million tonnes, with fuel reserves sufficient for 57 days of diesel, 46 days of octane, 29 days of petrol and 78 days of furnace oil. Officials said there is no immediate risk of a fuel shortage.
The recently commissioned Parbatipur depot under the India-Bangladesh Friendship Pipeline has already added more than 28,000 tonnes of storage capacity. BPC also plans to build four additional depots at Parbatipur by 2027 and expand storage facilities in Narayanganj, Cumilla and Sylhet.
Energy experts have welcomed the strategy, saying that upgrading idle tanks and leasing unused storage facilities offers a cost-effective way to enhance the country’s fuel reserves without acquiring large amounts of new land.