Bangladesh Energy Regulatory Commission (BERC) has fixed the price of per kg LPG (liquid petroleum gas) at Tk 94.96, and the new price of a 12kg cylinder of LPG is now Tk 1,140.
BERC announced the prices as part of its price update for the month of August.
Prices of other sizes of LPG cylinders – from 5.5kg to 45kg – will go up rationally, Md Nurul Amin, the chairman of BERC, said at a press briefing on Wednesday at the BERC office in Dhaka.
Moreover, the price of per litre auto-gas has been increased from Tk 46.49 to Tk 52.17. The price of a 12 kg cylinder of LPG was Tk 999 in July. The new rates will be effective from 6pm on Wednesday.
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 per cent.
BERC officials said the LPG price witnessed a decline in the local market due to the decrease 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.
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.
