The price of private operators' liquefied petroleum gas (LPG) has declined by Tk 50 to 1178 from Tk 1,228 per 12-kg container with effect from 6 pm today (Monday Dec 3) at the retail level, including the value added tax (VAT). Bangladesh Energy Regulatory Commission (BERC) announced the new price at a press briefing on Monday. As per the announcement, the prices for other quantities of the LPG will also go down in line with the new price at the same ratio. Read: BERC to announce new retail LPG price Monday morning The price of autogas for motor vehicles has also been cut down to Tk 54.95 from the present price of Tk 57.24 per litre. Making the announcement, BERC Chairman Abdul Jalil said the price of retail LPG has witnessed the fall as the bulk LPG of Saudi contract price (CP) has declined globally. "Saudi CP price has declined to $420 from the previous price of $765.75 per metric ton. Bangladesh's private LPG operators buy the bulk LPG on the basis of the Saudi CP," he told reporters at the virtual briefing.

Consumers will have to buy liquefied petroleum gas (LPG) at a higher price from August 1 as the energy regulator on Thursday re-fixed its retail price, supplied by private companies. The Bangladesh Energy Regulatory Commission (BERC) has refixed the 12-kg LPG of private companies at Tk 993, up by Tk 102 from the current price of Tk 891. The LPG price is set to go higher for the second consecutive month.   Read: Public hearing on LPG pricing postponed Similarly, the higher prices will be rationally applicable for the LPG of other quantity containers up to 45 kg from 5.5 kg. The BERC announced the new price of LPG adjusting with Saudi Contract Price (CP) on the basis that the local LPG operators import the bulk petroleum gas from the Middle East. However, the price of LPG of the state-owned LP Gas Company Ltd will remain the same at Tk 591 for 12.5 kg LPG as it sells products from condensates produced in local gas fields and has no relation with Saudi CP. Some 20 private companies dominate the local LPG market with more than 95 per cent market share through an annual import of 1.2 million metric tons while the LP Gas Company supplies only 25,000 mts. Read:Pvt companies’ 12-kg LPG to be costlier

The Bangladesh Energy Regulatory Commission (BERC) has refixed the price of Liquefied Petroleum Gas (LPG) of private companies at retail level with effect from July 1. As per the new price, the private companies will have to sell 12-kg LPG at Tk 891 instead of the current price of Tk 842. Read:Private operators demand fixing LPG price on “practical assessment” basis The regulatory body refixed the price adjusting with Saudi Contract Price (CP). The price of LP Gas Company Ltd, a state-owned company, will remain the same at Tk 591 for 12.5 kg LPG as it has no relation with Saudi CP. In refixing the price, the value of per kg of LPG was considered to be Tk 70.24, including VAT, and such price will be applicable for refixing the price of other weighed containers. The other quantity’s LPG will be selling at higher prices to be fixed rationally. The auto gas price was also refixed at 44 per litre against the current price of Tk 41.47 under the price adjustment procedure. Read:Private companies’ 12 kg LPG price reduced to Tk 842 from June 1 “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 Wednesday. "The private companies' LPG price was refixed 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 the 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 the 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 Growth in Bangladesh: Effective Alternative to Natural Gas Responding to a question, the BERC chairman said they have requested some administrative ministries to take action against the retail sellers who do not abide by the regulator’s price. He said the BERC is unable to take punitive action against the violators of law due to non-framing of required regulations by the Energy Division.  

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.