Business Report :
The price of liquefied petroleum gas (LPG) has been further increased to Tk118.44 per kg from the previous price of Tk114.79 for September.
The Bangladesh Energy Regulatory Commission (BERC) announced the new price, saying that a 12kg LPG cylinder’s price has been increased by roughly Tk44.
A retail consumer will now have to spend Tk1,421 for a 12kg cylinder instead of Tk1,377 (including VAT).
Prices of other sizes of LPG cylinders – from 5.5kg to 45kg – will go up accordingly, the BERC said at a press briefing on Monday at the BERC office in Dhaka.
The new prices was effected from 6pm on Monday.
BERC officials said the LPG price witnessed a little increase in the local market as Bangladeshi LPG operators normally import their products from the Middle East market on the basis of Saudi CP.
As per the BERC decision, the price of “autogas” (LPG used for motor vehicles) also increased to Tk 65.26 per litre (including VAT) from the previous price of Tk 63.21.
The price of LPG, marketed by state-owned LP Gas Company, will remain the same as it is locally produced with a market share of less than 5%.
LPG witnessed the highest price at Tk 1,498 (per 12 kg cylinder) in the local market in February last year.