Instability in the global market has led Bangladesh to increase the prices of liquefied petroleum gas for a second consecutive month, with the price of a litre rising by 12.13 per cent to Tk 116.
Md Abdul Jalil, the chairman of the Bangladesh Energy Regulatory Commission, or BERC, announced the new prices on Thursday. A litre of LPG was fixed at Tk 115.88 at retail, up from Tk 103.34 in February.
The price of a 12 kg cylinder, commonly used in the country for cooking, accordingly rose to Tk 151 from Tk 1,391 to Tk 1,449, reports bdnews24.com.
Last year saw the price of LPG, used as an alternative to the natural gas supplied by the government, rise for five consecutive months before falling in December. It fell another 4.0 per cent in January, but rose again by 5.0 per cent in February.
In March, Saudi Aramco set the price of propane at $895 per tonne and butane at $920 per tonne. This means the price of a mix of the two, at a ratio of 35 to 65, was fixed at $911. The BERC’s new prices were based on these rates.
The following table shows the set prices for different amounts of LPG for March.
The price of reticulated LPG has been set at Tk 112.65 per kg. The price of autogas, LPG used in vehicles, has been set at Tk 64.78 per kg.