12kg LPG price up Tk12 in July

The price of a 12kg liquefied petroleum gas (LPG) cylinder provided by private operators was increased by Tk12 on Sunday.

In a new tariff order, the Bangladesh Energy Regulatory Commission (BERC) raised the price, from Tk1,242 to Tk1,254, after adjusting the import cost of LPG  raw materials.

BERC Chairman Md Abdul Jalil in a virtual press briefing said the new tariff will be effective from 6pm, Sunday (3 July).

"The price of LPG could have gone down as the Saudi Contract Price (CP) for Propane and Butane – the raw material for LPG – fell remarkably. However, due to the devaluation of the taka against the dollar, the price has not decreased," he said.

In June, the Saudi CP for Propane and Butane was $750 which has dropped to $725.

Meanwhile, the price of Auto gas or LPG used for motor vehicles has increased from Tk57.91 per litre to Tk58.46 per litre.

And the price of reticulated LPG has increased from Tk100.29 per kg to Tk101.28 per kg

However, the government's 12.5 kg LPG cylinders remain unchanged in price, at Tk591.

BERC set the LPG retail price for the first time on 12 April 2021 after holding a public hearing to comply with a High Court order. Since then, they have been updating the price every month.