12kg LPG Price Lowered by Tk 93

The price of liquefied petroleum gas (LPG) has decreased further by Tk 7.23 per kg.

From now, the consumers will get a 12kg bottle of this cooking gas at a lower price by Tk 93 as its price has been set at Tk 1,242 instead of the last month’s (May 2022) price of Tk 1,335, reports UNB. 

The Bangladesh Energy Regulatory Commission (BERC) announced the price at a virtual briefing on Thursday.

The new price will come into effect at 6:00 pm on Thursday.

The other quantity containers of LPG from 5kg to 45kg will rationally be sold at the new rates, said BERC Chairman Abdul Jalil.

As per announcement, the price of autogas for motor vehicles has been lowered to Tk 57.91 per litre from the earlier price of Tk 62.21.

However, the price of LPG, marketed by the state-owned LP Gas Company, will have no effect as it is locally produced with a market share of less than 5 percent. 

The LPG price had gone up to the highest Tk 1,439 (12kg) in the local market following the start of the Russia-Ukraine war in February this year.

The LPG price was lowest at Tk 1,225 for 12kg in January this year and it witnessed a continuous hike in price in February, March, and April.

Abdul Jalil said that globally the price of Saudi CP (contract price) has declined which gives the benefit to the local consumers as Bangladeshi private LPG operators mainly import the gas from the Middle East market based on Saudi CP.

The BERC, for the first time, fixed the retail-level LPG prices on April 12 after holding a public hearing to comply with a High Court order.