12kg LPG cylinder price hiked by Tk19
The price of "autogas" (LPG used for motor vehicles) has been increased by Tk0.89 per litre, setting the new price at Tk67.74.
The Bangladesh Energy Regulatory Commission (BERC) has increased the price of a 12kg liquefied natural gas (LPG) cylinder by Tk19 to Tk1,478 for the month of February.
Meanwhile, the price of "autogas" (LPG used for motor vehicles) has been increased by Tk0.89 per litre, setting the new price at Tk67.74.
BERC announced that the new prices will be effective from 6pm today (2 February).
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Prices for other sizes of LPG cylinders—ranging from 5.5 kg to 45 kg—will also rise accordingly, the BERC added.
According to media reports, the decision to increase the prices was attributed to the rising international prices of LPG and the depreciation of the Bangladeshi taka against the US dollar. The average import price of LPG has increased by $10 per tonne.
Yesterday, the Energy and Mineral Resources Division increased the prices of diesel, kerosene, petrol, and octane by Tk1 litre.
In January, the price of LPG was adjusted twice. Initially, the price was increased to TK1,459 following a value-added tax (VAT) hike. Despite a decrease in international LPG prices in January, the price was kept unchanged due to the depreciation of the US dollar.
Since April 2021, the BERC has been adjusting LPG prices monthly based on fluctuations in the Saudi prices.However, consumers have often complained that the actual market price of LPG is higher than the price set by the BERC.
LPG witnessed the highest price at Tk1,498 (per 12kg cylinder) in the local market in February 2023.
