12kg LPG hiked by Tk 51 to Tk 1,251

LPG price
Star file photo

Price of liquified petroleum gas (LPG) has increased by Tk 4.25 per kg to Tk 104.26 from previous rate of Tk 100.01 per kg as the Bangladesh Energy Regulatory Commission (BERC) today (November 2, 2022) announced the new value of the petroleum gas for the month of November.

As per the new price, a retail consumer will get a 12-kg LPG cylinder at Tk 1,251 instead of previous price of Tk 1,200.

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 auto gas (LPG used for motor vehicles) was increased too to Tk 58.28 per litre from 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 today.

Jalil informed that the US Dollar rate was considered at Tk 106.25 in refixing the price of the LPG as private operators import it from Middle East using 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 Tk 106.64.

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%.

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.