The price of liquefied petroleum gas (LPG) has been hiked by Tk6.58 per kg to Tk113.58 per kg for the month of October as compared to the previous price of Tk107 per kg in September.
The price of a 12kg LPG cylinder provided by private companies has been hiked by Tk79 to Tk1,363, which previously stood at Tk1,284.
The new price will be effective from 6pm Monday, said Bangladesh Energy Regulatory Commission (BERC) Chairman Md Nurul Amin while announcing the new price at a press conference at the commission's auditorium.
However, the price of LPG, marketed by state-owned LP Gas Company, will remain the same as it is locally produced with a market share of less than 5%.
The price of reticulated LPG has also increased to Tk109.79 per kg, which was Tk103.18 per kg in September.
Bangladeshi LPG operators normally import their products from the Middle-East market on the basis of Saudi Contract Price.
BERC set the new rate of LPG considering the Saudi Contract Price of propane and butane — the raw materials of LPG.
