LPG price goes up by Tk 11.71 per kg

Price of Liquefied Petroleum Gas (LPG) has been increased to Tk 94.96 per kg for the month of August from Tk 83.25 in July.

Bangladesh Energy Regulatory Commission (BERC) announced the new price, saying that the retail consumer will now get a 12kg LPG cylinder at Tk 1,140 including VAT instead of previous price of Tk 999.

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.

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

As per the BERC decision, the price of “auto gas” (LPG used for motor vehicles) also increased to Tk 52.17 per litre (including VAT) from Tk 46.59 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.

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.