Monday, June 24, 2024

Section

বাংলা
Dhaka Tribune

The new price of 12kg LPG drops by Tk35 to Tk1200

The prices of LPG for other sizes of cylinders from 5.5 kg to 45 kg will come down rationally, said BERC chairman

Update : 02 Oct 2022, 06:20 PM

The Bangladesh Energy Regulatory Commission (BERC) on Sunday announced the new price of liquified petroleum gas for the month of October,  a drop of Tk2.91 per kg.

A 12-kg LPG cylinder would now cost Tk1200 (instead of Tk1,235) for retail, according to the revised price.

The prices of LPG for other sizes of cylinders from 5.5 kg to 45 kg will come down rationally, said BERC chairman Abdul Jalil, who announced the new price at a virtual press briefing on Sunday. 

As per the announcement, the price of autogas (LPG used for motor vehicles) was reduced to Tk55.92 per litre from the previous price of Tk57.55 per litre, down by Tk1.63 per litre. 

The new price will be effective from 6 pm on Sunday (October 2). 

Jalil informed that the US Dollar rate was considered at Tk106.64 in re-fixing the price of the LPG as private operators import it from the Middle East through foreign currency. 

He said though the LPG price has substantially come down in the global market, consumers are not getting full advantage of the downward trend due to the high dollar price in the local market. 

Last month, the dollar exchange rate was considered Tk104.02 

Since LPG is produced domestically and has a market share of less than 5%, its price will remain the same. LPG is marketed by the state-owned LP Gas Company.

In the wake of the outbreak of the Russia-Ukraine war in February of this year, the price of LPG increased to the highest Tk1,439 (a 12kg cylinder) in the local market.

LPG prices increased steadily in February, March, and April of this year after reaching their lowest point in January at Tk1,225 for a 12kg cylinder. 


Top Brokers

About

Popular Links

x