Price of liquified petroleum gas (LPG) has decreased by Tk 5.39 per kg to Tk 102.70 from previous price of Tk 108.09 per kg as Bangladesh Energy Regulatory Commission (BERC) has announced its latest price for the month of January. As per the new price, 12kg LPG cylinder cost has lowered by Tk 65 as a retail consumer will get it at Tk 1232 instead of Tk 1297. LPG prices for other sizes of cylinders – from 5.5kg to 45kg – will go down rationally, said BERC chairman Abdul Jalil, who announced the new prices at a virtual press briefing. Read more: Industries can now use LPG as a reliable energy solution: Speakers As per the announcement, the price of “auto gas” (LPG used for motor vehicles) also decreased  to Tk 57.41 per litre from previous price of Tk 60.41 per litre, down by Tk 3 per litre. The new prices will be effective from 6 pm today (January 2, 2023). 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%. Read more: 12kg LPG cylinder to cost Tk 46 more The LPG price went up to the highest, Tk 1,439 (per 12kg cylinder), in the local market, following the start of the Russia-Ukraine war in February last year. LPG price in Bangladesh was the lowest at Tk 1,225 for a 12kg cylinder in January last year and it witnessed continuous hikes in February, March and April in 2022.

Price of liquified petroleum gas (LPG) has increased by Tk 4.25 per kg to Tk 104.26 from previous rate of Tk 100.01 per kg as the Bangladesh Energy Regulatory Commission (BERC) on Wednesday (November 02, 2022) announced the new value of the petroleum gas for the month of November. As per the new price, a retail consumer will get a 12-kg LPG cylinder at Tk 1251 instead of previous price of Tk 1,200. The prices of LPG for other sizes of cylinders from 5.5 kg to 45 kg will go up rationally, said BERC chairman Abdul Jalil, who announced the new price at a virtual press briefing. Read more: LPG could be ready solution to energy problem for industries: Speakers As per the announcement, the price of auto gas (LPG used for motor vehicles) was increased too to Tk 58.28 per litre from previous price of Tk 54.33 per litre, up by Tk 3.95 per litre. The new price will be effective from 6 pm on Wednesday (Novemer 2). Jalil informed that the US Dollar rate was considered at Tk 106.25 in refixing the price of the LPG as private operators import it from Middle East through foreign currency. Read more: MoU signed for movement of Indian POL, LPG carrying vehicles through Bangladesh He said though the LPG price has substantially come down in the global market, consumers are not getting full advantage of the downward trend due to the high dollar price in the local market. Last month, the dollar exchange rate was considered Tk106.64.  The price of LPG, marketed by state-owned LP Gas Company, will remain as usual as it is locally produced with a market share of less than 5%. Read More Omera launches online system to provide doorstep delivery of LPG to customers in Dhaka The LPG price went up to the highest Tk1,439 (a 12kg cylinder) in the local market, following the start of the Russia-Ukraine war in February this year. The LPG price in Bangladesh was the lowest at Tk1,225 for a 12kg cylinder in January this year and it witnessed continuous hikes in February, March and April.

Bangladesh Energy Regulatory Commission (BERC) has postponed its proposed public hearing on liquified petroleum gas (LPG) price fixing scheduled for July 7-8. According to a BERC public notice, the hearing was suspended in compliance with the government’s directives against the backdrop of the countrywide strict lockdown that began on July 1. The commission will announce a fresh date for the public hearing later, a BERC notice said. The energy regulator had announced the scheduled public hearing responding to the appeal of the LPG operators, who oppose the present pricing formula for LPG.  Also read: Private operators demand fixing LPG price on “practical assessment” basis The BERC held its last public hearing on LPG price fixing in January this year, and first fixed the price on April 12 after that, complying with a court order.  The LPG operators in private sector have been alleging that many of their cost components were not considered by the energy regulator while announcing the price. As a result, their businesses have seen a huge financial loss, said Azam Chowdhury, president of LPG Operators Association of Bangladesh (LOAB), a representative body of the operators. The operators, which include LPG cylinder manufacturers, bottling plant owners, importers, and traders, demanded addition of Tk 224 for a 12-kg LPG cylinder as costs of the operators while fixing the new retail price of LPG by the BERC. Also read: Private companies’ 12 kg LPG price reduced to Tk 842 from June 1 The LPG businesses, having a size worth around Tk 300 billion, are at stake as the consequence, they said. A 12kg LPG, being provided by private operators, is Tk 891 for July trading, as per the BERC’s latest order. The price was Tk 842 per for June trading, Tk 906 for May trading and Tk 975 for April trading, as fixed by the BERC. However, most of the consumers in Dhaka were buying a 12kg LPG cylinder at a price ranging between Tk 1,000 and Tk 1,100 over the past three months, traders said.

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.

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.     

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).

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.

Stakeholders at a meeting on Saturday suggested that the existing conflicting regulatory issues should be addressed before setting a price for liquified petroleum gas (LPG).