12kg LPG cylinder price hiked by Tk 57

The price of liquefied petroleum gas (LPG) cylinder has been increased by Tk 57 to Tk 1,235 at retail level.

Bangladesh Energy Regulatory Commission (BERC) announced the new price, saying that a 12kg LPG cylinder’s price has increased by Tk 57.

A retail consumer will get it now at Tk 1235 instead of Tk 1178 (including VAT).

Prices of other sizes of LPG cylinders – from 5.5kg to 45kg – will go up rationally, Md Nurul Amin, newly appointed chairman of BERC, said at a press briefing on Tuesday at the BERC office in Dhaka.

The new prices will be effective from 6 pm today (May 2, 2023).

BERC officials said the LPG price witnessed a rise in the local market due to a increase in the prices of Saudi CP (contract price).

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 “auto gas” (LPG used for motor vehicles) also increased to Tk 57.52 per litre (including VAT) from the previous Tk 54.90 per litre, up by Tk2.62 per litre.

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 percent.

LPG witnessed the highest price at Tk 1,498 (per 12kg cylinder) in the local market in February this year following the start of the Russia-Ukraine war in February last year.