TDS DESK:

Price of liquefied petroleum gas (LPG) has decreased by Tk 2.53 per kg to 113.55 from the previous price of Tk 116.08 for the month of June.

Bangladesh Energy Regulatory Commission (BERC) announced the new price, saying that a 12kg LPG cylinder’s price has been dropped by Tk 30.

The new prices will be effective from 6 pm on June 3, 2024.

A retail consumer will get it now at Tk 1363 instead of Tk 1393 (including VAT).

Prices of other sizes of LPG cylinders – from 5.5kg to 45kg – will go down rationally, the BERC, said at a press briefing on Monday at the BERC office in Dhaka.

BERC officials said the LPG price witnessed a decline in the local market due to a decrease in the prices of Saudi CP (contract price). Regulatory guidelines in the works for safe use of LPG: BERC chairman

Bangladeshi LPG operators normally import their products from the Middle East market on the basis of Saudi CP.

As per the BERC decision, the price of “auto gas” (LPG used for motor vehicles) also decreased to Tk 62.53 per litre (including VAT) from the previous Tk 63.92 per litre, down by Tk1.39 per litre.

The price of LPG, marketed by state-owned LP Gas Company, will remain the same as it is locally produced with a market share of less than 5 percent.

LPG witnessed the highest price at Tk 1,498 (per 12kg cylinder) in the local market in February last year.