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Bangladesh Energy Regulatory Commission (BERC) on Thursday raised liquefied petroleum gas (LPG) price by around 1.32 per cent for November selling of the cooking fuel to clients by private operators.
The country's private operators will now have to charge Tk1,381 per 12kg cylinder, up by Tk18 from October's retail price of Tk1,363.
BERC chairman Md Nurul Amin announced the new prices of the cooking fuel at a press briefing in the Commission's office, which came into effect from 6:00 pm Thursday.
The Commission adjusted the cooking fuel prices for the domestic market considering the Saudi Aramco contract price (CP) for November 2023 as the benchmark.
It also considered fluctuations in foreign exchange rates and changes in the value-added tax (VAT).
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 5.5 kg, 12.5kg, 15kg, 16kg, 18kg, 20kg, 22kg, 25kg, 30kg, 35 kg and 45 kg to consumers at proportionately higher prices in September, according to the BERC announcement.
The retail price of autogas, the LPG being used in vehicles, was also raised to Tk63.36 per litre including VAT.
The price of state-owned LP Gas's LPG, however, kept unchanged at Tk591 per 12.5 kg cylinder.
Sources said currently some 27 LPG operators are doing business although some 58 received licences to run 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 business across the country.