Desk Report
Publish: 04 Nov 2021, 05:38 pm
Representational Image || Photo: Collected
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, reports UNB.
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.
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.
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.
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