Thursday, 11 August, 2022

LPG price hiked by Tk 1 per kg

The price of liquefied petroleum gas (LPG) has increased by Tk 1 per kg.

From now, 12 kg container will be sold at Tk 1254 instead of Tk 1242 (May, 2022) from 6 pm Sunday, reports UNB.

The Bangladesh Energy Regulatory Commission (BERC) announced the price at a virtual briefing on Sunday.

The other quantity containers of LPG from 5 kg to 45 kg will rationally be sold at per the new rates, said BERC chairman Abdul Jalil.

As per announcement, the price of auto gas for motor vehicles has been increased l to Tk 58.46 per litre instead earlier Tk 57.91 per litre.

Abdul Jalil said though the price of LPG has come down on the international market, the price has increased locally due to higher price of US Dollar.

Last month US Dollar price was Tk 85 while this month Dollar price was calculated at Tk 93.50.

Jalil said the price of LPG, marketed by the state-owned LP Gas Company, will have no effect as it is locally produced with a market share of less than 5 percent.

The LPG price had gone up to the highest Tk 1439 (12 kg) in the local market following the start of the Russia-Ukraine war in February this year.

The LPG price was lowest at Tk 1225 for 12 kg in January this year and it witnessed continuous hike in price in February, March and April.

Abdul Jalil said that globally the price of Saudi CP (contract price) has declined.

Bangladeshi private LPG operators mainly import the gas from the Middle East market based on Saudi CP.

The BERC, for the first time, fixed the retail-level LPG prices on April 12 after holding a public hearing to comply with a High Court order.