LPG price goes up by Tk 22.15 per kg

Price of Liquefied Petroleum Gas (LPG) has been substantially hiked by Tk 22.15 per kg to Tk 124.85 from the previous price of Tk 102.70 for the month of February.

Bangladesh Energy Regulatory Commission (BERC) announced its latest price through a press release today.

An official of the BERC said the prices witnessed such an excessive rise due to huge increase in the prices of the Saudi contract price (CP).

Last month, as per the Saudi CP, the LPG price was $599.59 per tonne while the current month's CP was set at $790 per tonne, he added.

Bangladeshi LPG operators normally import their products from Middle-East markets on the basis of Saudi CP.

As per the BERC decision, the price of "auto gas" (LPG used for motor vehicles) also increased to Tk 69.71 per litre, including VAT, from the previous Tk 57.41 per litre, up by Tk 12.3 per litre.

The new prices will be effective from 6:00pm today.

The price of LPG marketed by state-owned LP Gas Company will however remain the same as it is locally produced with a market share of less than 5 percent.