The Bangladesh Energy Regulatory Commission on Wednesday increased the price of liquefied petroleum gas for a 12-kg cylinder by Tk 16 fixing the new price of the cylinder at Tk 1,235.
Earlier in August, the price of a 12-kg cylinder was fixed at Tk 1,219 after decreasing the price by Tk 35.
Bangladesh makes adjustment of the LPG price every month to the international market price.
This time the price of LPG, however, was not increased in the international market.
The BERC while announcing the fresh LPG price said that the price increased as dollar became costly.
LPG has a large market in Bangladesh, mainly in households, which use the gas for cooking, mostly in a 12-kg cylinder.
The government-fixed price is never implemented, and a cylinder of 12-kg LPG was traded at Tk 1,400 in the capital for a while.
The dollar price was calculated at Tk 104.02, according to news agency UNB, up from Tk 93.50 when the BERC had fixed the LPG price for July.
Big LPG consumers such as China and Japan reduced their LPG consumption leading to a big fall in the price of LPG in the international market.
The 12-kg LPG cylinder is one of the 13 categories of LPG cylinders, the prices of which have been adjusted every month since April 2021.
The new price of LPG, used by automobiles, has been fixed at Tk 57.55 per litre, up from Tk 56.85 fixed in the previous month.
The price of a kilogramme of reticulated liquid LPG gas has been fixed at Tk 99.65, up from Tk 98.38.
LPG cylinders sold in 12 other categories ranging between 5.5 kilogrammes and 45 kilogrammes will now cost consumers between Tk 566 and Tk 4,630.
The average monthly demand for LPG on the local market is about 8.3 lakh tonnes, some 98 per cent of which is met through imports, mainly from Saudi Arabia.
State-owned LP Gas Ltd, a subsidiary of Bangladesh Petroleum Corporation, supplies the remaining two per cent, the price of which remained unchanged at Tk 591 for a 12.5-kg cylinder.
There are two dozen private companies that bottle imported LPG, the demand for which is on the rise because of the government policy of discouraging piped gas use.