United News of Bangladesh

Consumers will pay more for cooking gas as Bangladesh Energy Regulatory Commission (BERC) raised Liquefied Petroleum Gas (LPG) price again on Sunday, the second increase in just 18 days. The new rates took effect at 6 pm Sunday. The price of a 12-kg cylinder, the most common household size, has been raised by Tk 212 to Tk 1,940. Combined with the previous revision, consumers have absorbed a cumulative increase of Tk 599 on the standard cylinder within less than three weeks. The last adjustment was made on April 2 when the 12-kg cylinder was priced at Tk 1,728. BERC cited rising LPG import freight charges, trader premium costs and higher diesel prices as the reasons behind the revision. The revised LPG prices for different cylinder sizes are as follows-5.5 kg at Tk 889; 12.5 kg at Tk 2,021; 15 kg at Tk 2,425; 16 kg at Tk 2,587; 18 kg at Tk 2,910; 20 kg at Tk 3,233; 22 kg at Tk 3,557; 25 kg at Tk 4,042; 30 kg at Tk 4,850; 33 kg at Tk 5,335; 35 kg at Tk 5,658; and 45 kg at Tk 7,275. The revised rates apply to both private-sector LPG and auto-gas (vehicular CNG alternative) at the consumer level.  

In an update from the Bangladesh Energy Regulatory Commission (BERC), the price of liquefied petroleum gas (LPG) has been adjusted upwards by Tk 0.66, setting the new rate at Tk 123.52 per kg, up from the previous Tk 122.86. This price change is effective from 6 pm on Sunday (March 03, 2024), indicating a slight increase in household and commercial expenses. BERC, at a press briefing today, detailed the adjustment, noting that the price for a standard 12 kg LPG cylinder will now be Tk 1482, inclusive of VAT, marking an increase from the previous Tk 1474. This adjustment follows a rational scale across various LPG cylinder sizes, ranging from 5.5 kg to 45 kg, addressing the need for a proportional price revision across different consumer segments. Read more: Gas shortage hits many areas in capital city Furthermore, the price for “auto gas,” the LPG variant used in motor vehicles, has also seen a revision, now priced at Tk 68.05 per litre, including VAT, a slight increase from Tk 67.68. This adjustment reflects the broader impact of LPG price changes on transportation and related costs. Notably, LPG prices marketed by the state-owned LP Gas Company will remain unchanged. This exception is attributed to its local production and the company’s minimal market share, which is less than 5 percent. The decision to adjust LPG prices comes in the wake of rising costs in the international market, specifically tied to the increase in the Saudi CP (contract price), which serves as a benchmark for local operators importing LPG primarily from the Middle East. Read more: LPG price hiked again; 12 kg cylinder to cost Tk 1433