Lube blenders urges changes to import policy

Private lubricant blenders in Bangladesh have urged the government to bring changes to the import policy allowing them to continue to import raw materials for lubricating oil, which has been barred since April this year. “Raw materials worth Tk200 million (US$2.88 million) imported by my company are currently stranded at the jetty,” said Mohammad Ullah, president of the Bangladesh Lub Blenders Association, adding that the raw materials waiting for customs clearance could total Tk500 million (US$7.19 million). (June 26, 2010)