LPG price hiked to Tk 113.61 per kg

Price of Liquefied Petroleum Gas (LPG) has increased further to Tk 113.61 per kg for the month of October from Tk 107.01 in September.

Now the retail customers will have to pay an additional Tk 6.6 for per kg LPG.

The new prices will be effective from 6pm on Monday.

Bangladesh Energy Regulatory Commission (BERC) announced the new price, saying that the retail consumers will now get a 12kg LPG cylinder at Tk 1363 including VAT instead of the previous price of Tk Tk1,284.

It means that the customers of 12kg LPG will have to spend additional Tk 79 for cooking purposes.

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 Monday at the BERC office in Dhaka.

As per the BERC decision, the price of “auto gas” (LPG used for motor vehicles) also increased to Tk 62.54 per litre (including VAT) from Tk 58.87 per litre. The increase is Tk 3.67 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%.

BERC officials said the LPG price will witness an increase in the local market due to the increase 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 Tk1,498 (per 12kg cylinder) in the local market in February this year following the start of the Russia-Ukraine war in February last year.