Dhaka, March 31 -- The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved in principle the emergency procurement of 260,000 metric tonnes of fuel including diesel and crude oil to strengthen national reserves amid volatile global energy situation.

The approvals came at a committee meeting chaired by Finance and Planning Minister Amir Khosru Mahmud Chowdhury as the government moves to ensure energy security amid rising tensions in the Gulf region.

According to meeting sources, the Energy and Mineral Resources Division received the green light for three major import proposals under the Direct Purchase Method (DPM) and Government-to-Government (G2G) arrangements.

In a strategic move to counter potential supply disruptions, t...