BANGLADESH

LPG prices hiked again in less than a month

The Bangladesh Energy Regulatory Commission on Thursday increased the prices of liquefied petroleum gas, with a 12-kilogram cylinder, widely used in households, by Tk 54 at the consumer level.

A cylinder of 12-kg LPG will now cost Tk 1,313, up from Tk 1,259 set on October 10.

The government on October 10 hiked the LPG price of a 12-kg cylinder by Tk 226.

The BERC said that the LPG cylinders sold in different categories were also adjusted and increased.

It said that the hiked price was applicable from Thursday.

The increase in the LPG prices comes as a fresh shock to people of the low-income and middle-income groups who are already bogged down by increasing food, transportation and medical costs.

The BERC re-fixes the price per month as per the new rate of the Saudi  contract price.

The contract price rate set by the Saudi Arabian Oil Company (Saudi Aramco) each month is the dominant price for LPG in Asia and elsewhere in the world.

Meanwhile, the price of 12.5 kg LPG of the state-owned company has remained unchanged at Taka 591 as the cost has not changed at the production stage, BERC said.

However, the price of LPG used in cars has been raised to Taka 61.18 per liter from Taka 58.68.

The price of LPG has gone up in the global market now, said BERC Chairman Md Abdul Jalil.

“We have adjusted the price appropriately for the local market and the operators should implement it.”

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