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Answer» What is Eastern Refinery Limited mean? Eastern Refinery Limited or ERL is the sole country-owned oil refinery in Bangladesh. ERL, a subsidiary of Bangladesh Petroleum Corporation, plays a vital role in supplying around 40% of country's current petroleum products demand and thus maintains stability in petroleum, oil and lubricants (POL) products market of the country. ERL sometimes becomes the only fall back system available, to avoid products crisis in the face of disruption of products' import. ERL as a profitable company in the public sector contributes substantially to the national exchequer in the form of dividend, taxes, VAT etc. reference
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