Dhaka, Dec. 31 -- Bangladesh Petroleum Corporation (BPC) would soon get released a loan of US$ 125 million from the International Islamic Trade Finance Corporation (ITFC) under an annual lending programme to facilitate importing petroleum products.

The state-run entity has recently requested the Energy and Mineral Resources Division (EMRD) to complete necessary formalities in this regard, officials said.

They said the fund is expected to help mitigate the payment burden of outstanding bills against imports of fuel oils from the suppliers and facilitate ensuring the smooth supply of the petroleum products in the country.

The BPC owes around $ 246 million to different suppliers of refined fuel oils as of December 28 last, said an officia...