Dhaka, Feb. 17 -- Energy transition leads Bangladesh to plan substantial cut in import of petroleum products in 2024 as gasoil demand falls amid increasing switch to power production from coal-fired plants, sources said.

State-run Bangladesh Petroleum Corporation's (BPC) has projected import of around 6.51 million tonnes of refined petroleum products during January-to-December period this year, down 15.34 per cent from the 2023 imports, they said.

Bangladesh is currently going through an energy transition by way of reducing dependence on petroleum products of both diesel and furnace oil to generate electricity, which is trimming down its fuel consumption.

The country has already shut down six privately owned gasoil-fired power plants h...