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Bangladesh’s HSFO imports to plunge further in 2024 amid fund crunch, alternate fuels

December 28, 2023 Comments Off

Bangladesh’s imports of high sulfur fuel oil are likely to plunge in 2024, after dropping about 11.5% on the year in 2023, pressured by a persistent scarcity of funds and substantial payments outstanding from the government to importers, industry sources said. The South Asian country is likely to import around 3.5 million mt of 180 CST HSFO in 2024, down…