Bangladesh lowers LPG prices by 7.0pc

Authorities have lowered the prices of liquefied petroleum gas by 7.0 per cent for the month of June.

The price of a 12 kg cylinder, mostly used for cooking, has been reduced by Tk 93 to Tk 1,242, Bangladesh Energy Regulatory Commission said on Thursday.

For May, the price was lowered by 7.23 per cent to Tk 1,335 per cylinder after an increase in the prices for three months, says a report on bdnews24.com.

According to the BERC, the prices of propane and butane for June have been lowered to $750 on an average from $856.5 in May. Following the changes, the LPG price now stands at Tk 103.52 per kg, including VAT.

Reticulated LPG has been priced at Tk 100.29 per kg. Autogas, or LPG used in vehicles, now costs Tk 57.91 per litre at retail.

Following price hikes for five consecutive months leading up to December, LPG prices dropped 4.0 per cent per kg in January. But prices began climbing again in February.