12kg LPG price increased by Tk16

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of liquified petroleum gas (LPG) at the consumer level.

The company has increased the price of 12-kg cylinder of LPG by Tk16 and fixed it at Tk1,235.

The BERC announced the hike at a virtual press briefing on Wednesday. BERC Director (Gas) Engineer Mohammad Ali Biswas confirmed the matter.

BERC adjusts LPG prices regularly keeping in mind the international market situation. The state agency usually makes the announcement at the beginning of the month at a virtual press conference.

At the beginning of August, BERC fixed the price of a 12 kg LPG cylinder at Tk 1,219. In that month, the price of 12 kg cylinder decreased by Tk 35.

In July, BERC fixed the price of a 12 kg LPG cylinder at Tk 1,254. And in June it was Tk 1,242.

Earlier, the consumer had to spend Tk 1,335 to buy a 12 kg cylinder in May.

Till April 12, 2021, LPG rates were at the discretion of the companies. BERC announced rates for the first time on April 12.

At that time, it is said that the price of this import-dependent fuel will be based on the price announced by the Saudi state company Aramco.

If the Saudi rate fluctuates, the base price will also fluctuate. Other commissions will remain unchanged. BERC has been announcing LPG rates every month since the announcement.