Desk Report
Publish: 03 Mar 2022, 03:13 pm
LPG Gas Cylinder || Photo: Collected
In one of the steepest hikes in recent times, Bangladesh Energy Regulatory Commission (BERC) Thursday raised liquefied petroleum gas (LPG) prices by Tk 151 a cylinder.
A domestic gas cylinder will now cost Tk 1,391 instead of
the earlier Tk 1,240 -- a hike that has been attributed to Russia's invasion of
Ukraine.
Not only domestic cylinders but prices of autogas have also
been increased to TK 64.78 a litre from the current Tk 57.51.
BERC chairman Abdul Jalil said the Russia-Ukraine war has
pushed up the LPG prices globally, creating a crisis in the energy market.
"We are forced to hike the local LPG prices as the
Saudi contract price (CP) has risen globally -- from $775 per metric tonne to
$911," he said. "Earlier local suppliers faced supply disruptions.
But now the problem has been resolved."
The BERC chairman, however, said the prices of the
state-owned LP Gas Company's LPG will remain unchanged as it's not linked to
the global market rates.
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 at least 7-10 days for a shipment of the fuel to arrive in the
country.
Read: Private operators’ LPG: Price goes up again
Most Bangladeshi private companies import their bulk LPG
from the Middle East on the basis of Saudi CP and market it locally.
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.
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