LPG price reduced again, 12kg cylinder to cost Tk 999

Price of liquefied petroleum gas (LPG) has been slashed again. Bangladesh Energy Regulatory Commission (BERC) announced the new price, saying that a 12kg LPG cylinder’s price has been reduced by Tk 75.24.

A retail consumer will now get it at Tk 999 instead of Tk 1,074 (including VAT).

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

The new prices will be effective from 6 pm today (July 3, 2023).

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.

As per the BERC decision, the price of “auto gas” (LPG used for motor vehicles) also dropped to Tk 46.59 (including VAT) per liter from the previous Tk 50.09.

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.