Zulker Naeen

By   Zulker Naeen Bangladesh’s economy is expected to grow at 6.9 in the current fiscal year (FY18) while the inflation will remain within 6%, according to the latest report of the Asian Development Bank (ADB). 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 now being considered as a key for analyzing its lubricants oil industry, however, it is the most unresearched market in general, even from the global perspective. However, the Bangladesh market observed a 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 aviation oil are insignificant compared with other lubricant oil segments. However, the barrel oil segment, especially the monograde market still holds the s...

Runner Group, a local automobile giant, has inked  an agreement  with Indian Oil Corporation Limited to market Indian Oil’s brand Servo lubricants in Bangladesh through its subsidiary Runner Lube and Energy Limited. High officials of the Indian company and Runner Group announced the partnership at a press conference at the Sonargaon Hotel in Dhaka on 26th September 2017. Runner’s subsidiary Runner Lube and Energy Ltd will market the product. Officials said Servo, a lubricant brand of Indian Oil Corporation, will be available in Bangladesh from now, Runner Group said. “The partnership will be recognized as a milestone in order to deliver world-class lubricant to the country’s market. I believe that Servo, Asia's largest lubricant brand, will also be able to gain customers' trust in Bangladesh,” said Hafizur Rahman Khan, chairman of Runner Group. SERVO has many products of world standard including engine oils, gear oils, transmission oils and brake fluids to meet all...