Price of liquefied petroleum gas (LPG) has again been increased by the Bangladesh Energy Regulatory Commission (BERC).

The BERC has fixed the price of a 12-kg LPG cylinder at Tk 1,251, raising by Tk 51. A  12-kg LPG cylinder has so far been sold at Tk 1,200.

BERC chairman Abdul Jalil announced the new prices through a virtual press conefernce on Wednesday (November 2, 2022) afternoon. The new rates will be effective from 6:00pm on Wednesday.

The prices of LPG for other sizes of cylinders from 5.5 kg to 45 kg will go up rationally, said the BERC chairman.

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.

Jalil informed that the United States dollar rate was considered at Tk 106.25 in refixing the prices of the LPG as private operators import it from the Middle East spending 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 prices in the local market.

Last month, the dollar exchange rate was considered 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 per cent.

The LPG price went up to the highest Tk 1,439 (a 12kg cylinder) in the local market, following the start of the Russia-Ukraine war in February this year.

The LPG price was the lowest at Tk 1,225 for a 12kg cylinder in January this year and it witnessed continuous hikes in February, March and April.