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

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.