The energy regulator today reduced the retail prices of liquefied petroleum gas (LPG) of private companies by Tk 93 for every 12kg LPG cylinder.

According to the new rate, the private companies will have to sell 12kg LPG cylinder at Tk 1242, which is less than the existing price of Tk 1335.

The new price rate will be effective from today, Bangladesh Energy Regulatory Commission (BERC) Chairman Abdul Jalil said while announcing the new price at a virtual press conference.

He said they re-fixed the prices as per the new rate of the Saudi contract price.

However, the commission did not re-fix the prices of the LPG gas sold by the state-owned Liquid Petroleum Gas Ltd (LPGL). 

The current price of the 12.5kg LPG cylinder sold by LPGL is Tk 591.