Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
The Bangladesh Energy Regulatory Commission (BERC) on Tuesday raised the price of liquefied petroleum gas (LPG) by Tk 3.0 to Tk 1,366 for a 12-kg cylinder for July trading.
The BERC last month had slashed the price by 2.15 per cent to Tk 1,363.
The country’s private operators will have to sell a 12-kg cylinder at Tk 1,366, as per the verdict of the energy regulatory commission.
BERC Chairman Md Nurul Amin announced the new rates at a press briefing at its office in the city Tuesday afternoon. The new rates came into effect from 6:00pm on the day.
The BERC adjusted the cooking fuel prices for the domestic market considering the Saudi Aramco contract price for July 2024 as the benchmark.
It also considered fluctuations in foreign exchange rates and changes in the value-added tax (VAT).
The Saudi Aramco CP price of propane and butane is $580 and $565 per tonne each for July trading.
The BERC considered the propane and butane mixture at the ratio of 35:65 to get the average price at $570.25 per tonne.
The BERC has been fixing the LPG prices for private operators within the first week of every month since April 2021.
The private sector will be able to sell LPG through different sizes of cylinders like 5.5kg, 12.5kg, 15kg, 16kg, 18kg, 20kg, 22kg, 25kg, 30kg, 35kg and 45kg to consumers at proportionately higher prices in July, according to the BERC announcement.
The price of LPG, which will be supplied through a reticulated system or centralised storage system, will be Tk 244.50 per cubic metre, including VAT for July compared to Tk 243.80 per cubic metre of June.
The retail price of autogas, the LPG being used in vehicles, was slashed further to Tk 62.70 per litre including VAT, for July from Tk 62.95 of June.
The price of the state-owned LP Gas's LPG, however, kept unchanged at Tk 591 per 12.5 kg cylinder.
Sources said currently some 27 LPG operators are doing business although some 58 received licences to carry out the business.
Some 26 operators import around 1.10 million tonnes of LPG from the international market, which is around 98 per cent of the country's total requirement for LPG, while seven are satellite operators.
Some 35 million LPG cylinders are being used in the LPG businesses in the country.
Around 200 road tankers, 5,000 trucks and 21 cargoes are involved in the LPG businesses across the country.