About seven lakh tonnes of crude oil will be imported from Saudi Arabia and the remaining six lakh tonnes from Arab Emirates. It is primarily estimated that due to the oil price hike it may cost Tk 2697 crore, which is 25 percent higher than the previous price.

The furnace oil will cost about Tk 62 crore.

The committee also approved a proposal of the Bangladesh Telegraph and Telephone Board to take a 60-million-dollar loan from the Islamic Development Bank. This fund will be used to construct the submarine cable link that will connect Bangladesh with the information superhighway.

The committee approved a Tk 26 crore contract to a Chinese company the CNEWCIC to supply and install 33 kv capacitor bank in five power sub-stations in Chittagong.

However, the committee asked the Power Development Board (PDB) to revise another tender bid to rebuild, rehabilitate and expand 28 substations in Chittagong. The PDB wants to award the Tk 104 crore project to the CNEWCIC as it is the lowest bidder.