Govt should subsidise LPG sector: Experts | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
June 12, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JUNE 12, 2025
Govt should subsidise LPG sector: Experts

Bangladesh

TBS Report
13 September, 2023, 10:15 pm
Last modified: 13 September, 2023, 10:22 pm

Related News

  • Farm subsidy goes up, energy still gets bigger slice
  • BERC slashes 12kg LPG cylinder price by Tk19 at Tk1,431 for May 
  • Agri ministry seeks Tk8,000cr more for subsidies in FY26 budget
  • Price of 12kg LPG cylinder goes down by Tk28
  • US sanctions UAE-based Octane Energy Group for alleged Iranian links in LPG supply to Bangladesh

Govt should subsidise LPG sector: Experts

Given the dependence of LPG prices on the dollar rate, establishing a directive price range – both maximum and minimum – without specifying fixed prices could effectively stabilise LPG prices in the local market, said one of the experts

TBS Report
13 September, 2023, 10:15 pm
Last modified: 13 September, 2023, 10:22 pm
Photo: Collected
Photo: Collected

Experts have called for government subsidies for the liquefied petroleum gas (LPG) sector, given its substantial impact on the national economy.

"To ensure affordable LPG price at the consumer level, the government should provide subsidies to the power sector as the national economy depends on it heavily," said Energypac Director Naweed Rashid at a webinar titled "An overview of LPG industry in Bangladesh" yesterday.

"Moreover, year-on-year adjustment of LPG prices should also be considered; otherwise, a sudden 20-30% hike in the price will adversely affect the customers," he said.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

He also pointed out that unlike power plants where banks allow eight to nine years of payback period for investments, the LPG sector has a much shorter payback period of five to six years. He said the sensitive nature of this sector warrants a payback period of at least 10 years.

Zakaria Jalal, head of Planning and Strategy at Bashundhara Group, said the LPG sector has experienced overinvestment, leading to intense competition.

He also addressed the price disparity issue between the Bangladesh Energy Regulatory Commission and LPG companies.

He further emphasised that, given the dependence of LPG prices on the dollar rate, establishing a directive price range – both maximum and minimum – without specifying fixed prices could effectively stabilise LPG prices in the local market.

The webinar featured discussions on the prospects, challenges, and future of Bangladesh's LPG industry. Speakers expressed optimism about the sector's potential for growth despite economic challenges and underscored the importance of both government and private sector involvement in advancing the industry.

Energy

LPG / subsidy

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Govt to set up Debt Office as loan burden to hit Tk29 lakh cr by FY28
    Govt to set up Debt Office as loan burden to hit Tk29 lakh cr by FY28
  • UK Secretary of State for Business and Trade and President of the Board of Trade Jonathan Reynolds meets Chief Adviser Muhammad Yunus on 11 June 2025. Photo: UNB
    UK reaffirms support for Bangladesh's initiatives to recover siphoned off money
  • File Photo of Chief Adviser Muhammad Yunus: UNB
    Prof Yunus to receive Harmony Award from King Charles today

MOST VIEWED

  • File photo of ex-prime minister Sheikh Hasina and her son Sajeeb Wazed Joy. Photo: Collected
    Joy spends Eid with Hasina in India: Indian media
  • Infofgraphics: TBS
    DGHS issues 11-point directive to prevent spread of Covid-19 in Bangladesh
  • Saifuzzaman Chowdhury. Photo: Collected
    UK crime agency now freezes assets of ex-land minister Saifuzzaman: AJ
  • File photo of BNP Standing Committee Member Amir Khasru Mahmud Chowdhury. Photo: Collected
    Khasru flies to London ahead of Yunus-Tarique meeting
  • Chief Adviser Muhammad Yunus speaks at the Chatham House in London on 11 June 2025. Photo: CA Press Wing
    No desire to be part of next elected govt: CA Yunus
  • Illustration: Khandaker Abidur Rahman/TBS
    Three hospitals ‘held hostage’ as discharged July uprising injured keep occupying beds

Related News

  • Farm subsidy goes up, energy still gets bigger slice
  • BERC slashes 12kg LPG cylinder price by Tk19 at Tk1,431 for May 
  • Agri ministry seeks Tk8,000cr more for subsidies in FY26 budget
  • Price of 12kg LPG cylinder goes down by Tk28
  • US sanctions UAE-based Octane Energy Group for alleged Iranian links in LPG supply to Bangladesh

Features

Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

16h | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

1d | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

3d | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

4d | Bangladesh

More Videos from TBS

Why is Omicron XBB more contagious?

Why is Omicron XBB more contagious?

13h | TBS Stories
What did Dr. Yunus say at the Chatham House Dialogue in London?

What did Dr. Yunus say at the Chatham House Dialogue in London?

14h | TBS Today
News of The Day, 11 JUNE 2025

News of The Day, 11 JUNE 2025

15h | TBS News of the day
WB predicts worst decade for global growth since 60s

WB predicts worst decade for global growth since 60s

16h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net