Desk Report
Publish: 03 Jan 2022, 04:44 pm
LPG Cylinder || Photo: Collected
The price of private operators' liquefied
petroleum gas (LPG) has declined by Tk 50 to Tk 1178 from Tk 1228 per 12 kg
container with effect from 6 pm today Monday, December 3 at the retail level,
excluding 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.
The price of autogas for motor vehicles
has also been cut down to Tk54.95 from the present price of Tk57.24 per litre.
Making the announcement, BERC Chairman
Abdul Jalil said the price of retail LPG has witnessed the fall as the bulk LPG
of the 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.
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.
According to industry insiders, 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.
Most Bangladeshi private companies import
their bulk LPG from the Middle East on the basis of Saudi CP and market it
locally.
Responding to a question, the BERC
chairman said the Commission will take initiatives to install an electronic
dashboard at retail LPG outlets to ensure the sale of the products at the proper
rate to be fixed by the BERC.
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.
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Topic : Liquefied Petroleum Gas LPG
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