The price of a 12-kg cylinder of liquefied petroleum gas (LPG) has been decreased by Tk 35 to Tk 1,200 for October, Bangladesh Energy Regulatory Commission (BERC) said on Sunday.
The new price rate will come into effect from 6pm Sunday, BERC Chairman Abdul Jalil announced at a virtual press conference.
He said the new rate will be effective from 6pm Sunday.
Jalil said the price of LPG cylinders of different quantities will be determined as per the per kg LPG rate.
He said the price has been adjusted considering the average of Saudi Aramco's contract price (CP) rate of Propane and Butane at $570.50 per tonne, which was $637 per tonne in September.
Saudi Arabian company Aramco publishes the prices of these two components of LPG every month, known as Saudi Aramco Contract Price (CP). Bangladesh energy regulator adjusts the LPG price in the country based on the Saudi CP.
The BERC said it adjusted the price after LPG prices went down in the global market.
The price of LPG sold by state-owned LP Gas Limited remains unchanged.
The price of LPG (autogas) used in cars has also been adjusted downward and now auto gas will be sold at Tk 55.92 per litre, which was Tk 57.55 earlier.
The BERC set the prices of LPG for the first time on April 12, 2021.