LPG price slashed by Tk 93 per 12kg cylinder

The energy regulator yesterday reduced the retail prices of liquefied petroleum gas (LPG) of private companies by Tk 93 for every 12kg LPG cylinder.

According to the new rate, the private companies will have to sell 12kg LPG cylinder at Tk 1,242, which is less than the existing price of Tk 1,335. Per kg LPG price will cost Tk 103.52 with all VAT and taxes.

The new price rate was effective from yesterday, said Bangladesh Energy Regulatory Commission (BERC) Chairman Abdul Jalil while announcing the new price at a virtual press conference.

He said they re-fixed the prices as per the new rate of the Saudi contract price and set the dollar exchange rate at Tk 89.15 as per Bangladesh Bank's direction.

However, the commission did not re-fix the prices of the LPG gas sold by the state-owned Liquid Petroleum Gas Ltd (LPGL).

The current price of the 12.5kg LPG cylinder sold by LPGL is Tk 591.