The price of liquefied petroleum gas (LPG) has increased by Tk1 per kg from 6pm on Sunday.
From now, 12kg containers will be sold at Tk1,254 instead of Tk1,242, Bangladesh Energy Regulatory Commission (BERC) confirmed at a virtual briefing on Sunday.
The other quantity containers of LPG from 5kg-45kg will rationally be sold at per the new rates, said BERC Chairman Abdul Jalil.
As per the announcement, the price of autogas for motor vehicles has been increased to Tk58.46 per litre instead earlier Tk57.91 per litre.
Abdul Jalil said, though the price of LPG has come down on the international market, the price has increased locally due to the higher price of the US dollar.
Last month the dollar price was Tk85 while this month it was calculated at Tk93.50.
Jalil said 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%.
The LPG price had gone up to the highest Tk1,439 (12kg) in the local market following the start of the Russia-Ukraine war in February this year.
The LPG price was lowest at Tk1,225 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.
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.