LPG price hiked, 12kg cylinder to cost Tk1,482

LPG price hiked, 12kg cylinder to cost Tk1,482

A standard 12kg LPG cylinder will now cost Tk1482, including VAT, marking an increase from the previous Tk1,474.

Bangladesh Energy Regulatory Commission (BERC) detailed the adjustment at a press briefing on Sunday.

The price of liquefied petroleum gas (LPG) has been adjusted upwards by Tk0.66, setting the new rate at Tk123.52 per kg, up from the previous Tk122.86.

This price change is effective from 6pm on Sunday, indicating a slight increase in household and commercial expenses.

This adjustment follows a rational scale across various LPG cylinder sizes, ranging from 5.5kg to 45kg, addressing the need for a proportional price revision across different consumer segments.

Furthermore, the price for “auto gas,” the LPG variant used in motor vehicles, has also seen a revision, now priced at Tk68.05 per litre, including VAT, a slight increase from Tk67.68. This adjustment reflects the broader impact of LPG price changes on transportation and related costs.

Notably, LPG prices marketed by the state-owned LP Gas Company will remain unchanged. This exception is attributed to its local production and the company’s minimal market share, which is less than 5%.

The decision to adjust LPG prices comes in the wake of rising costs in the international market, specifically tied to the increase in the Saudi CP (contract price), which serves as a benchmark for local operators importing LPG primarily from the Middle East.