LPG, auto-gas prices slashed again

The prices of liquefied petroleum gas (LPG) and LPG (auto-gas) used as transport fuel have declined again as the prices in the international market decreased. The new price will be effective from 6:00pm Monday (January 3).

Bangladesh Energy Regulatory Commission (BERC) announced the new price at a press conference on Monday.

BERC Chairman Abdul Jalil, Secretary Abu Sayeed and Member Moqbul-e-Elahi among others were present at the press conference.

Price of private operators' liquefied petroleum gas (LPG) has declined by Tk 5--to Tk 1,178 from Tk 1,228--per 12kg container with effect from 6pm on Monday (January 3) at the retail level, including the value added tax (VAT).

The price of gas used for motor vehicles has also been cut down to Tk 54.95 from the present price of Tk 57.24 per litre.

BERC Chairman Abdul Jalil said the price of retail LPG has witnessed the fall as the bulk LPG of Saudi contract price (CP) has declined globally.

He added: “Saudi CP price has declined to $420 from the previous price of $765.75 per metric ton. Bangladesh's private LPG operators buy the bulk LPG on the basis of Saudi CP.”

In response to a question, the BERC chairman said the Commission will take initiatives to install an electronic dashboard at retail LPG outlets to ensure the sale of the products at the proper rate to be fixed by the BERC.