The Bangladesh Energy Regulatory Commission (BERC) has announced a reduction in the price of a 12kg Liquefied Petroleum Gas (LPG) cylinder by Tk30, bringing the new price down to Tk1,363 from the previous Tk1,393 in May. This new rate will be effective from 6pm today, as announced by the BERC chairman at their office.
The use of LPG has significantly increased across various sectors including household cooking, restaurants, transport, and both small and large industries due to the cessation of new natural gas connections. In line with this, BERC has set the retail price of LPG at Tk113.55 per kg. Consequently, the prices of cylinders weighing between 5.5kg and 45kg have also decreased.
Despite the regulated prices, consumers have reported having to pay more than the government-set prices. Additionally, the price of autogas used in cars has decreased to Tk63.53 from last month’s Tk63.92.
The price of a 12kg LPG cylinder has fluctuated over the past months, being Tk1,442 in April, Tk1,482 in March, Tk1,474 in February, and Tk1,433 in January. In December of the previous year, the price was Tk1,404.
BERC has been adjusting the LPG prices monthly in coordination with the propane and butane prices of Saudi Aramco Company to align with international market rates. The first instance of BERC fixing the LPG price in the country was on April 12, 2021, and since then, the price has been adjusted every month.
