Consumers will have to pay a higher price of Tk 226 to buy a 12-kg container of liquefied petroleum gas (LPG) from today (Sunday) as the energy regulator has raised the price to Tk 1,259 from the existing Tk 1,033. In the same ratio, the prices of other quantity containers of LPG will go up while the auto gas will be selling at Tk 58.65 instead of the existing rate of Tk 55.27 per litre. Announcing the new price order, chairman of the Bangladesh Energy Regulatory Commission (BERC) Abdul Jalil said of the enhanced Tk 226, the commission has increased Tk 59 as an overall cost adjustment while the remaining enhancement in the cost was done because of the increased price of Saudi CP. Read:Appeal for LPG price hike: decision on Sunday “Following our public hearing, we’ve reset some of the components in the local value of LPG considering the demands of the private sector operators,” he told reporters while announcing the new price of the fuel at the BERC meeting room on Sunday. Internationally, the Saudi contract price (CP) witnessed a huge hike as each metric ton of LPG was sold at $797 in October while it was $665 in September last, he added. The other members of the BERC were present on the occasion.

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