The price of liquefied petroleum gas (LPG) for November has gone up by Tk3.25 per kilogram or Tk51 for every 12kg cylinder.
The Bangladesh Energy Regulatory Commission (BERC) said the new price would come into effect at 6pm on Wednesday.
With the price hike, every kg of LPG will cost Tk104.26 (Tk1,251 for a 12kg cylinder), compared to Tk101.01 in October and Tk102.88 in September.
The BERC also announced an increase in the price of Autogas, every kg of which will now cost Tk58.28. It was Tk55.92 in October and Tk57.55 in September.
BERC Chairman Abdul Jalil said even though the price of LPG had substantially come down in the global market, consumers were still not getting full advantage of the downward trend due to the high US dollar price in the local market.
The price of LPG marketed by the state-owned LP Gas Company will remain as usual as it is locally produced with a market share of less than 5%, reports UNB.
In February the price of LPG shot up to Tk1,439 (a 12kg cylinder) in the local market, following the start of the Russia-Ukraine war.
The price was the lowest at Tk1,225 for a 12kg cylinder in January this year and it witnessed continuous hikes in February, March and April.
