The price of liquefied petroleum gas (LPG) has increased by Tk 4.25 per kg to Tk 104.26 from the previous rate of Tk 100.01 per kg as the Bangladesh Energy Regulatory Commission (BERC) on Wednesday announced the new price for the month of November.
As per the new rate, a retail consumer will get a 12-kg LPG cylinder at Tk 1251 instead of the previous price of Tk 1,200, says UNB.
The prices of LPG for other sizes of cylinders from 5.5 kg to 45 kg will go up rationally, said BERC chairman Abdul Jalil, who announced the new price at a virtual press briefing.
As per the announcement, the price of autogas (LPG used for motor vehicles) was increased too to Tk 58.28 per litre from the previous price of Tk 54.33 per litre, up by Tk 3.95 per litre.
The new price will be effective from 6:00 pm on Wednesday (November 2).
Jalil said that the US Dollar rate was considered at Tk 106.25 in refixing 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 at Tk106.64
The price of LPG, marketed by state-owned LP Gas Company, will remain as usual as it is locally produced with a market share of less than 5 per cent.
The LPG price went up to the highest Tk1,439 (a 12kg cylinder) in the local market, following the start of the Russia-Ukraine war in February this year.
The LPG 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.