Bangladesh Barrel Market to Lose Brand Value Soon
This report published in Towards Biz Bangladesh attained 7.2% GDP growth in the last fiscal year despite ADB’s forecast of 6.9% growth while Bangladesh was able to contain inflation at 5.4% in the last financial year. Perhaps, the booming economy of Bangladesh is considered as a business opportunity for lubricants oil, however, it is the most unresearched market in general. Few statistical data, old news reports and market insights are available, however, those are insignificant in a sense. However, the traditional practice, distribution policy, credit business, liberal toll blending, existing lubricants oil marketer, newly entrant brands, and the lack of awareness of lubricants oil product has already made this market unpredictable. In terms of category, Bangladesh lubricants oil market , observed as few segments like passenger vehicle oil, motorcycle oil, truck and heavy-duty engine oil, and industrial oil, etc. More segments like railway oil, marine oil, and aviat...