The Bangladesh Energy Regulatory Commission has hiked the price of 12kg LPG cylinder by Tk 226.
BERC Chairman Md Abdul Jalil announced the new hike at a press conference in Dhaka on Sunday.
Under the new order, the new price of 12kg LPG cylinder has been fixed at Tk 1,259.
The new price comes following a hearing in this regard held earlier on September 13.
On September 14, BERC’s technical committee recommended raising 12kg Liquefied petroleum gas cylinder price by Tk 65.
The committee made the recommendation at the LPG price adjustment hearing, after rejecting all demands by LPG operators but accepted the suggestion to increase distributors and retailers commissions.
The regulator held the first round of LPG hearing on January 12 and fixed LPG price for the first time in April. Later, 18 LPG operators appealed for raising the 12kg cylinder price, claiming that the increase was insufficient.
In September, the 12kg LPG cylinder price was fixed at Tk 1,033 considering the Saudi Contract Price. But the operators are selling the LPG cylinders in the market at Tk 1,100.
The technical committee proposed a further hike based on the September price to Tk 1,097.76. It recommended keeping the LPG bottle and storage charges unchanged but suggested increasing the commissions of distributors and retailers.
The traders said that around Tk 35,000 crore has been invested in this sector employing 1.3 million people. They disagreed with the commission’s charge on net profit, loan interest, sales and administrative expenses, lifespan of cylinders and sales volume. They demand to amend these charges.
