Bangladesh Energy Regulatory Commission (BERC) raised the price of 12-kilogram cylinder of LPG by Tk 54.
It said the new price is Tk1313 a cylinder as the international cost of the imported gas continues to rise.
Last month, the 12kg cylinder of LPG was sold at Tk 1,259.
The price of the LPG auto gas was increased to Tk 61.18 per litre from Tk 58.68, the BERC said in the press briefing.
"The fresh tariff of the LPG comes into effect on Thursday," said BERC chairman Md Abdul Jalil.
As per the new tariff, the consumers will have to pay Tk 1,313 for a cylinder of 12kg LPG from Thursday.
BERC announced the new price of LPG adjusting it with Saudi Contract Price (CP) as the local LPG operators import the bulk petroleum gas from the Middle East.
However, the LPG price of the state-owned LP Gas Company Ltd will remain unchanged at Tk 591 for 12.5kg LPG as it sells products from condensates produced in local gas fields and has no relation with Saudi CP.
The announcement came in the press briefing held virtually, joined by the BERC members.
Usually, Armaco, the largest company of Saudi Arabia, announces its CP for bulk LPG at the fag-end of each month for the next month's transactions.
Most Bangladeshi private companies import their bulk LPG from the Middle East on the basis of Saudi CP and market it locally.