Oxygen cylinder worth of 1,000 sold at 30,000 taka
Published: 11:25 AM, 11 June 2020 Updated: 11:29 AM, 11 June 2020
A factory of Linde Bangladesh, medical-grade oxygen manufacturing multinational company
The manufacturing companies provide adequate oxygen, but an oxygen crisis has arisen in Chattogram. While investigating the reason, the district administration has found evidence of mismanagement of four companies. The companies are selling each oxygen cylinder for Tk 25,000-30,000 and refueling the cylinders for up to Tk 1,000.
The four companies are Bismillah Enterprise in Chawkbazar, Hasan Traders in Kazir Deuri, Jilani Oxygen Limited in Karnafuli, and Brothers Engineer Works in Sadarghat. In the meantime, the owners of these institutions have also been fined by the mobile court.
Although these companies claimed to be dealers in Linde Bangladesh, a multinational company producing their own medical grade oxygen, the truth was not found. According to the investigation, they have been collecting industrial grade oxygen from five companies in Sitakunda and then selling them as medical grade oxygen at high prices.
Chattogram District Administration Executive Magistrate Touhidul Islam said this after visiting factories on Wednesday.
He said evidence of manipulation by four companies has been found so far behind the instability in the oxygen cylinder market in Chattogram. The companies were fined for selling and refilling oxygen cylinders at excessive prices during the two-day campaign.
Touhidul Islam said that a few years ago, Bismillah Enterprise used to supply oxygen to the hospital on behalf of Linde Bangladesh. But at one stage, the authorities blacklisted them by releasing them for tampering.
He added that Linde Bangladesh has sold 1,400 liters of medical grade oxygen cylinders including VAT at Tk 1,000 and refueled each oxygen cylinder at Tk 128. In order to make more profit, the companies are selling each oxygen cylinder using Linde Bangladesh label for Tk 25,000-30,000 and refueling the cylinders for up to Tk 1,000.
Touhidul Islam, Executive Magistrate of the district administration, said Linde Bangladesh had been informed that there was no oxygen crisis. Oxygen production continues as per demand. The company said another 4,000 medical-grade cylinders would be imported by June 20.