LPG price
BERC to announce new retail LPG price Monday morning
Bangladesh Energy Regulatory Commission (BERC) will announce the new price of LPG at retail level on Monday for the current month.
Retail price of LPG (liquefied petroleum gas) is being announced by the energy regulator in the first week of every month since April last year.
Also read: Retail LPG price declines by Tk 85 in 12kg container
The current price was announced on December 2 where the price of private operators’ LPG had been cut by Tk 85 to Tk 1228 per 12-kg container from Tk 1313 with effect from 6 am Friday (Dec 3) at the retail level.
BERC Chairman Abdul Jalil will announce the current month’s new LPG price through a virtual briefing at 11:30 am on Monday, said a BERC press release.
Also read: Private operators’ LPG: Price goes up again
Private operators’ LPG: Price goes up again
The price of private operators’ liquified petroleum gas (LPG) has been raised to Tk 1,313 per 12-kg container from Tk 1259 with effect from Thursday (Nov 4) at the retail level. Bangladesh Energy Regulatory Commission (BERC) announced the new price at a press briefing. As per the announcement, the prices for other quantities of the LPG will go up in line with the new price. The price of autogas for motor vehicles was also raised to Tk 61.18 from the present price of 58.65 per litre.
Read:LPG gets costlier by Tk 226 per 12-kg container Announcing the new price, BERC Chairman Abdul Jalil said the regulator has to raise the price as the bulk LPG of Saudi contract price (CP) has gone up globally. “Saudi CP price has gone up to $850 from the previous price of $550 per metric ton. Bangladesh’s private LPG operators buy the bulk LPG on the Basra from Saudi CP,” he told reporters at the virtual briefing. The other members of the BERC were present on the occasion. The BERC chairman said the price of the state-owned LP Gas Company’s LPG will remain unchanged as it has no relation with the global market price. LPG industry insiders said the Saudi CP is normally announced at the end of every month to make it effective for the next month and it takes 7-10 days for a shipment of the fuel to arrive in the country.
Read: LPG Price: Operators demand an increase but consumers want reduction Most Bangladeshi private companies import their bulk LPG from the Middle East on the basis of Saudi CP and market it locally. The BERC for the first time fixed the retail-level LPG price on April 12 after holding a public hearing to comply with a High Court order.
Appeal for LPG price hike: decision on Sunday
The energy regulator will announce its decision on Sunday next on the appeal of the private operators of liquefied petroleum gas (LPG) to re-fix the current rates of the product at the retail level.
The Bangladesh Energy Regulatory Commission (BERC) will announce its decision at 12 noon on October 10, said a press release on Thursday.
On September 13 last, the BERC held a public hearing at BIAM auditorium responding to the appeal of the private LPG operators to raise the current price of the fuel.
Read: LPG Price: Operators demand an increase but consumers want reduction
Participating in the hearing, right groups strongly opposed the operators’ demand for raising the LPG price.
The rights groups urged the BERC to proceed on the issue cautiously to avert litigation in higher court, while the operators insisted on increasing the price further to cover losses in their business.
Both sides placed their respective arguments during the public hearing held at the BIAM Auditorium. Convened by the BERC, it was presided over by the commission chairman Abdul Jalil. Other members of the BERC also attended the hearing.
Read: LPG prices to go up again from Sept 1
The BERC has been fixing the LPG price on a monthly basis since April 12 this year. But LPG Operators of Association of Bangladesh (LOAB) opposes the process saying that much of their costs were not calculated and considered in price fixing that resulted in losses to their business.
Private companies’ 12 kg LPG price reduced to Tk 842 from June 1
The Bangladesh Energy Regulatory Commission (BERC) has re-fixed the price of Liquefied Petroleum Gas (LPG) of private companies at retail level with effect from June 1.
As per the new prices, the private companies will have to sell 12 kg LPG at Tk 842 instead of current price of Tk 906.
Read: LPG Growth in Bangladesh: Effective Alternative to Natural Gas
The regulatory body re-fixed the price adjusting with Saudi Contract Price (CP).
The price of LP Gas Company Ltd, the state-owned company, will remain same at Tk 591 for 12.5 kg LPG as it has no relation with Saudi CP.
In re-fixing the price, the value of per kg of LPG was considered to be Tk 70.17 including VAT and such price will be applicable for re-fixing the price of other weighed containers.
The other quantity’s LPG will be selling at lowered price to be fixed rationally.
The Auto gas price was also re-fixed at Tk 41.47 per litre against the current price of Tk Tk 44.70 under the price adjustment procedure.
Read:Private companies’ 12kg LPG price re-fixed at Tk 906
“This price will be applicable for the month of June until further adjustment in the Saudi CP,” said BERC Md Abdul Jalil while announcing the new price through a virtual briefing on Monday.
"The private companies' LPG price was re-fixed on the basis of Saudi CP," he told reporters.
Normally Saudi biggest oil company Armaco announces its CP for bulk LPG at the concluding state of every month for next month’s transactions.
Most of Bangladeshi private companies import their bulk LPG from the Middle-East on the basis of Saudi CP and market it in the country.
The BERC for the first time fixed the retail level LPG price on April 12 after holding a public hearing to comply with a High Court order.
About 20 private companies have been operating in the market with more than 95 per cent market share by annually importing 1.2 million metric tons of bulk LPG from mainly Middle-East while the state-owned LP Gas Company is locally producing 25,000 MTs of LPG from locally produced condensates at different gas fields.
Read: LPG operators to get services under one roof soon
The BERC chairman admitted that though they fixed the price, still product of some companies are selling at higher price in Dhaka city and some other places.
"We have sent letters to the Commerce Ministry and the Energy Division seeking their cooperation to enforce and monitor the new price", he said adding this is a responsibility of other administrative offices along with BERC.
Private companies’ 12kg LPG price re-fixed at Tk 906
Further adjusting with Saudi Contract Price (CP), the Bangladesh Energy Regulatory Commission (BERC) has re-fixed the price of Liquefied Petroleum Gas (LPG) at retail level with effect from May 1.
As per the new prices, the private companies will have to sell 12 kg LPG at Tk 906 instead of current price of Tk 975 while LP Gas Company Ltd, the state-owned company, will sell 12.5 kg LPG at Tk 591 as it has no relation with Saudi CP.
In re-fixing the price, the value of per kg of LPG was considered to be Tk 75.49 including VAT and such price will be applicable for re-fixing the price of other weighed containers.
Also read: Govt to monitor adherence to new LPG price after lockdown: Energy Secretary
The Auto gas price was also re-fixed at Tk 44.70 per litre against the current price of Tk 47 under the price adjustment procedure.
“This price will be applicable for the month of May until further adjustment in the Saudi CP,” said BERC Md Abdul Jalil, while announcing the new price through virtual briefing on Thursday.
"The private companies' LPG price was re-fixed on the basis of Saudi CP," he told reporters.
Normally Saudi biggest oil company Armaco announces its CP for bulk LPG at the concluding state of every month for next month’s transactions.
Read LPG operators to get services under one roof soon
Most of Bangladeshi private companies import their bulk LPG from the Middle-East on the basis of Saudi CP and market it in the country.
The BERC for the first time fixed the retail level LPG price on April 12 after holding a public hearing to comply with a High Court order.
About 20 private companies have been operating in the market with more than 95 per cent market share by annually importing 1.2 million metric tons of bulk LPG from mainly Middle-East while the state-owned LP Gas Company is locally producing 25,000 MTs of LPG from locally produced condensates at different gas fields.
Also read: Pvt companies’ 12 kg LPG price fixed at Tk 975, govt’s 12.5 kg at Tk 591
Govt to monitor adherence to new LPG price after lockdown: Energy Secretary
Energy and Mineral Resources Division’s senior secretary Anisur Rahman has said that the government will monitor the implementation of the new price of Liquified Petroleum Gas (LPG) fixed by the Bangladesh Energy Regulatory Commission (BERC).
“We will monitor whether the LPG is being sold at the new price fixed by the BERC,” he said while addressing a webinar on “BERC’s LPG Pricing and Its Sustainability” organised by Energy and Power magazine on Saturday.
The energy secretary’s remarks came against the backdrop of BERC’s announcement to fix the price of LPG with effect from April 12.
As per the new prices, the private companies will have to sell a 12 kg LPG at Tk 975 while LP Gas Company Ltd, the state-owned company, will sell its 12.5 kg LPG at Tk 591 at the retail level.
Also read: Pvt companies’ 12 kg LPG price fixed at Tk 975, govt’s 12.5 kg at Tk 591
But many consumers apprehend that they will not get the LPG at the prices fixed by the regulator as there is no strict monitoring by the government about its enforcement.
The energy secretary said that due to lockdown situation, it is not possible for them to strictly monitor whether the LPG is being sold at the BERC-fixed price or not.
“But after lockdown, we will be going for strict monitoring and it will be the duty of the all the concerned agencies of the government to implement the new LPG price”.
Before the price fixing by BERC, the private companies had been selling 12 kg LPG in the retail markets at Tk 1100 -Tk 1200 while those of the state-owned company over Tk 700.
Also read: ‘Stop meddling in LPG price fixing process’
About 20 private companies have been operating in the market with more than 95 percent market share by annually importing 1.2 million metric tons of bulk LPG from mainly Middle-East while the state-owned LP Gas Company is locally producing 25,000 MTs of LPG from locally produced condensates at different gas fields.
The webinar was also addressed by energy experts Dr M Tamim, Dr Ijaz Ahmed, BERC member Syed Mokbul-e-Elahi, and Bashirul Haque.
Bashundhara LPG’s Head of Marketing Zaharia Jalal made a presentation on the issue.
He said that many costs of LPG business were not considered by the BERC while fixing this price.
Also read: BERC moves to set LPG price at retail level
“As a result, the LPG operators will face trouble to make the price sustainable,” he said.
Dr M Tamim said that the BERC should have declared a pricing formula instead of fixing a price in the market.
“If a formula was declared, it would have been more effective to regulate the price,” he added.
Pvt companies’ 12 kg LPG price fixed at Tk 975, govt’s 12.5 kg at Tk 591
The Bangladesh Energy Regulatory Commission (BERC) has fixed the price of Liquified Petroleum Gas (LPG) with effect from today (Monday, April 12, 2021).
As per the new prices, the private companies will have to sell a 12 kg LPG at Tk 975 while LP Gas Company Ltd, the state-owned company, will sell its 12.5 kg LPG at Tk 591 at the retail level.
Read ‘Stop meddling in LPG price fixing process’
BERC Chairman Md Abdul Jalil announced the new prices at a virtual press briefing on Monday.
“The private companies’ LPG price was fixed on the basis of Saudi CP,” he told reporters.
At present, the private companies have been selling 12 kg LPG in the retail markets at Tk 1100 -Tk 1200 while those of the state-owned company over Tk 700.
Also read: BERC to start public hearing Thursday to re-fix LPG price at consumer level
About 20 private companies have been operating in the market with more than 95 percent market share by annually importing 1.2 million metric tons of bulk LPG from mainly Middle-East while the state-owned LP Gas Company is locally producing 25,000 MTs of LPG from locally produced condensates at different gas fields.
Abdul Jalim said it will be very tough for them to ensure the enforcement of the new LPG prices as they don’t have any mechanism or offices at the district of upazila level.
“We’ll need to formulate some new rules and regulattions to ensure the effectiveness of the new prices of LPG”, he said adding that the administrative bodies will have to enforce the price by their own administrative measures.
Also read: BERC seeks opinions for public hearing on LPG price on January 14-18
“BERC is regulator, not an enforcerent agency”, he defended his position saying that this is first time the regulator announced the LPG prices.
‘Stop meddling in LPG price fixing process’
The consumer rights groups and business operators on Thursday demanded an end to the government’s interference in the price fixing process of liquified petroleum gas (LPG).
BERC to start public hearing Thursday to re-fix LPG price at consumer level
Bangladesh Energy Regulatory Commission (BERC) will hold a public hearing on Thursday to re-fix the price of liquified petroleum gas (LPG) at the consumer level.
BERC seeks opinions for public hearing on LPG price on January 14-18
A press release, issued by the Ministry of Power, Energy and Mineral Resources, on Monday, said a public hearing of the BERC to re-fix the LPG price will be held on January 14-18. The time, format and location will be informed later.
“Interested individuals, firms or organizations are requested to send their pre-public hearing statements or opinions to the commission by January 4, 2021,” said the Ministry Press release.
It also