Price of 12kg LPG cylinders hiked by Tk 41

The price of liquefied petroleum gas (LPG) has increased to Tk 122.86 per kg for February, up from Tk 119.40 in January, said Bangladesh Energy Regulatory Commission (BERC).

Customers will face increased pressure due to the recent hike in LPG prices, as retail consumers are now required to pay an extra Tk 3.46 per kg of LPG starting from 6 pm on Sunday, according to BERC.

The energy regulator announced the new price, saying that retail consumers will now have to play Tk 1474 (including VAT) for a 12 kg cylinder of LPG. The previous price of a 12 kg LPG cylinder was Tk 1433, up by Tk 41.

Prices of other LPG cylinders – from 5.5 kg to 45 kg – will go up rationally, said a BERC official at a press briefing at the BERC office in Dhaka.

As per the BERC decision, the price of “auto gas” (LPG used for motor vehicles) also increased to Tk 67.68 per litre (including VAT) from Tk 65.76 per litre.

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

BERC officials said LPG price witnessed an increase in the local market due to increase in the prices of Saudi CP (contract price).

Bangladeshi LPG operators normally import their products from the Middle-eastern market on the basis of Saudi CP.

LPG witnessed the highest price at Tk 1,498 (per 12 kg cylinder) in the local market in February last year following the start of the Russia-Ukraine war in February 2022.