Bangladesh raises LPG prices

Bangladesh has increased the price of liquefied petroleum gas by Tk 1 per kg due to the depreciation of the taka against the dollar.

Despite declining prices in international markets, Bangladesh Energy Regulatory Commission announced the new price today.

BERC Chairman Md Abdul Jalil said that the taka dipped in its value over the last month and the authorities hiked the price. 

Now in July customers will have to pay Tk 104.52 for LPG per kg, including VAT, up from  Tk 103.52 in the month of June. 

Saudi Arabia state oil giant Aramco had set its June contract price for the mixture of propane and butane at $750 a tonne, which fell to $725 in July.