LPG price reduced again, 12kg cylinder now at Tk 999

Bangladesh Energy Regulatory Commission (BERC) has slashed the price of liquefied petroleum gas (LPG) again.

A retail consumer will now have to pay Tk 75.24 less to buy a 12kg LPG cylinder at Tk 999 instead of Tk 1,074 (including VAT).

Prices of other LPG cylinders – from 5.5kg to 45kg – will go down accordingly, Md Nurul Amin, newly appointed chairman of BERC, said at a press briefing today at the BERC office in Dhaka.

The new prices will be effective from 6:00pm today (July 3, 2023).

BERC officials said the LPG price declined in the local market thanks to the dip in prices in Saudi CP (contract price).

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

As per the BERC decision, the price of "auto gas" (LPG used for motor vehicles) also dropped to Tk 46.59 (including VAT) per litre from the previous Tk 50.09.

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

LPG witnessed the highest price at Tk 1,498 (per 12kg cylinder) in the local market in February this year following the start of the Russia-Ukraine war in February last year.