Consumers will have to pay a higher price to buy liquefied petroleum gas (LPG) as the cost of the imported gas continues to rise across the country as the energy regulator on Tuesday announced its new price in line with the international market.
As per the new price, consumers will have to pay Tk 1,240 for a 12 kg LPG from February 3 instead of Tk 1,178, up by Tk 62.
The Bangladesh Energy Regulatory Commission (BERC) announced the new price of LPG adjusting it with Saudi Contract Price (CP) as the local LPG operators import the bulk petroleum gas from the Middle East.
“As the price of Saudi CP has gone up internationally, so we have to follow it in fixing the new price,” said BERC chairman Abdul Jalil, adding, “If the price comes down, we will act accordingly.”
Some 20 private companies dominate the local LPG market with more than 95 per cent market share through an annual import of 1.2 million metric tons while the LP Gas Company supplies only 25,000 mts.