The government on Monday announced a maximum reward of Tk 1 lakh for anyone providing verified information to local administration on illegal hoarding and smuggling of fuel, aiming to curb unlawful activities and ensure fair distribution.
The decision was taken by the Bangladesh Petroleum Corporation (BPC) amid the rising global fuel prices triggered by tension in the Middle East which have caused instability in the supply and market management of petroleum products, said a press release of Energy and Mineral Resources Division.
Government to be tougher against fuel hoarding, smuggling
Some unscrupulous traders in the country are hoarding imported fuel instead of selling it at government-fixed prices, selling it secretly at higher rates, it said.
Field administrations have already taken action against several such illegal networks. Despite this, the trend of unlawful hoarding is reportedly increasing at an alarming rate, it added.
The identity of informants will remain strictly confidential, it said.
The Deputy Commissioner concerned will ensure receipt of the reward.
The financial incentive is open to all individuals, institutions, and organisations.
To ensure uninterrupted supply of government-priced fuel to consumers and prevent illegal hoarding, BPC’s initiative will be implemented with the support of local administrations, following approval by the Cabinet Division.