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LPG price cut by Tk 35

Published : 02 Aug 2022 09:34 PM | Updated : 02 Aug 2022 09:50 PM

The price of liquified petroleum gas (LPG) sold by private operators has been reduced by Tk 35, in line with a weakening in international rates. 

A 12-kg cylinder containing LPG will now cost Tk1,219, down from Tk1,254.

However, there has been no change in the LPG price of state-owned LP Gas Company Ltd (LPGL), as it is locally produced. Its market share is less than 5 percent. The current price of the 12.5kg LPG cylinder sold by LPGL is Tk 591.

The Bangladesh Energy Regulatory Commission (BERC) chairman Md Abdul Jalil announced the new price at a virtual press conference on Thursday, which will be effective from 6pm of 2 August 2022.

Among others, commission members Mohammad Abu Faruqe, Md Maqbul-E-Elahi Chowdhury, Mohammad Bazlur Rahman, Md Kamruzzaman and Secretary Md Khalilur Rahman Khan were also present at the press conference.

As per the announcement of BERC, the price of per kg LPG has been set to Tk101.62 including VAT instead of the previous price of Tk 104.52 in July. The new price of LPG will be rationally applicable for other containers from 5 kgs to 45 kgs.

Meanwhile, the price of Autogas or LPG used for motor vehicles has dropped from Tk58.46 per litre to Tk56.85 per litre. In addition, the price of reticulated LPG has been decreased from Tk101.28 per kg to Tk98.38 kg

The energy regulatory commission said they decreased the price after LPG prices went down in the global market.

Saudi Arabian company Aramco publishes the price of two components propene and butane of LPG every month, known as Saudi Cargo Price (CP). BERC adjusts the price of LPG in the country based on this Saudi CP.

The BERC, for the first time, fixed the retail-level LPG prices on April 12, last year after holding a public hearing to comply with a High Court order. Since then, the prices have been updated every month.