Private operators’ LPG price to go up from today

The price of private operators' liquefied petroleum gas (LPG) has been increased by Tk 62 to 1,240 from Tk 1,178 per 12kg container, with effect from 6pm today at the retail level, including the value added tax (VAT).

Bangladesh Energy Regulatory Commission (BERC) announced the new price at a press briefing today.

The price of gas for motor vehicles has also gone up to Tk 57.51 from the present price of Tk 54.95 per litre.

Making the announcement, BERC Chairman Abdul Jalil said the price of retail LPG has witnessed the rise as the bulk LPG of Saudi contract price (CP) has increased globally at the effect of volatility due to Covid-19 recovery trend and also for the brewing tensions between Ukraine and Russia.

"Saudi CP price will go up to $775 from the previous price of $420 per metric ton. Bangladesh's private LPG operators buy the bulk LPG on the basis of the Saudi CP," he told reporters at the virtual briefing.

The other members of the BERC were present on the occasion.

The BERC chairman said the price of the state-owned LP Gas Company's LPG will remain unchanged as it has no relation with the global market price.