LPG price up by Tk 51 per 12kg cylinder

The price of liquefied petroleum gas (LPG) has increased by Tk 4.25 per kg, to Tk 104.26 from previous rate of Tk 100.01 per kg, as the Bangladesh Energy Regulatory Commission yesterday announced the new value of the petroleum gas for the month of November.

As per the new price, a retail consumer will get a 12kg LPG cylinder at Tk 1,251 instead of previous price of Tk 1,200.

The prices of LPG for other sizes of cylinders from 5.5kg to 45kg will go up rationally, said BERC Chairman Abdul Jalil, who announced the new price at a virtual press briefing.

As per the announcement, the price of auto gas (LPG used for motor vehicles) was increased too to Tk 58.28 per litre from previous price of Tk 54.33 per litre, up by Tk 3.95 per litre.

The new price came into effect from 6:00pm yesterday.

Jalil informed that the US Dollar rate was considered at Tk 106.25 in refixing the price of the LPG as private operators import it from Middle East through foreign currency.

He said though the LPG price has substantially come down in the global market, consumers are not getting full advantage of the downward trend due to the high dollar price in the local market.

Last month, the dollar exchange rate was considered Tk 106.64.

The price of LPG, marketed by state-owned LP Gas Company, will remain as usual as it is locally produced with a market share of less than 5 percent.

The LPG price went up to the highest Tk 1,439 per 12kg cylinder in the local market, following the start of the Russia-Ukraine war in February this year.

The LPG price was the lowest at Tk 1,225 for a 12kg cylinder in January this year and it witnessed continuous hikes in February, March and April.