12kg LPG cylinder price rises by Tk 79

The price of a 12kg Liquefied Petroleum Gas (LPG) cylinder has been raised by Tk 79 to Tk 1,363 at the retail level.

The retail price of a 12kg LPG cylinder widely used for home cooking was Tk 1,284 in September.

Bangladesh Energy Regulatory Commission (BERC) chairman MD Nurul Amin announced the revised price at a press conference at the BERC office in Dhaka on Monday.

Though the regulatory body revises the LPG price every month, retailers do not follow the revised price everywhere.

As per the revised price, the BERC increased price of LPG supplied by private companies to Tk 113.60 a kg from Tk 107.01 in September, including the Value-Added Tax (VAT). The price of different sizes of LPG cylinders will be fixed accordingly.

LPG cylinders with the size of 5kg to 45 kg are available in the market. In addition to home cooking, LPG is used in restaurants, transport and factories, and private sector shares 99 per cent of the country’s LPG market.

However, price of LPG supplied by the state-owned companies did not rise.

Besides, price of LPG (auto gas) used in automobile has increases to Tk 62.54 a litre from Tk 48.87 a litre in September.

The BERC has been adjusting the price of LGP since April 2021. Propene and butane, two main elements of LGP, are imported from various countries.

Saudi company Aramco publishes price of these two elements every month, which is known as Saudi cargo price (CP), and the BERC adjusts the price of LPG on the base price of Saudi CP.