Price of Liquefied Petroleum Gas (LPG) has increased further to Tk107.01 per kg for the month of September from Tk94.96 in August and now the retail customers will have to pay an additional Tk12 per kg.
Bangladesh Energy Regulatory Commission (BERC) announced the new price, saying that the retail consumers will now get a 12kg LPG cylinder at Tk1,284 including VAT instead of the previous price of Tk1,140.
It means that the customers of 12kg LPG will have to spend additional Tk144 for cooking purposes.
In August, the price of 12kg LPG gas rose by Tk141.
Prices of other sizes of LPG cylinders – from 5.5kg to 45kg – will go up rationally, Md Nurul Amin, the chairman of BERC, said at a press briefing on Sunday at the BERC office in Dhaka.
The new prices will be effective from 6pm on Sunday.
As per the BERC decision, the price of “auto gas” (LPG used for motor vehicles) also increased to Tk58.87 per litre (including VAT) from Tk52.17 per litre. The rise is Tk6.7 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%.
BERC officials said the LPG price will witness an increase in the local market due to the increase in the prices of Saudi CP (contract price).
Bangladeshi LPG operators normally import their products from the Middle-East market on the basis of Saudi CP.
LPG witnessed the highest price at Tk1,498 (per 12kg cylinder) in the local market in February this year following the start of the Russia-Ukraine war in February last year.