Bangladesh Energy Regulatory Commission (BERC) has reduced the price of liquefied petroleum gas (LPG) by Taka 244 per 12-kg cylinder to Tk 1,178 from the existing rate of Taka 1,422 at retailer level.
Chairman of the BERC Md Nurul Amin made the announcement at a press conference at his office in city's Karwan Bazar, reports BSS.
He said the new price of the LPG would be effective from Sunday evening.
According to the BERC, now the price of LPG stands at Tk 1,178 per 12-kg cylinder, which was Tk 1,422 in March.
The chairman said the government fixed the price of LPG, which will be effective in all places.
Saudi-based agency Aramco fixes the price every month. It is known as the Saudi contract price (CP). The BERC adjusts LPG prices in the country based on this Saudi CP.
The price of different quantity of LPG cylinders will be determined accordingly.
The BERC adjusted the price after LPG prices went down in the global market.
The new price of LPG (auto gas) used in cars has been fixed at Tk 54.90 per liter, which was Taka 66.22 earlier, while per kilogram of LPG at Taka 98.17 at retailer level inclusive VAT owned by private sector.
According to the BERC decision, new price at retailer level owned by private sector, 12.5 kg LPG has been fixed at Tk 1,228 at retailer level, 15 kg at Tk 1,472, 16 kg at Tk 1,571, 18 kg at Tk 1,767, 20 kg at Tk 1,963, 22 kg at Tk 2,160, 25 kg at Tk 2,454, 30 kg at Tk 2,945, 33 kg at Tk 3,240, 35 kg at Tk 3,436 and 45 kg at Tk 4,418.
According to Saudi Aramco announcement, price of the Propane and Butane, the price of LPG $555 and $545 per ton was fixed for April 2023 by Saudi Contract Price (Saudi CP) as per Propane and Butane ratio 35:65. The Saudi CP price was fixed $548.50 per ton considering the ration between Propane and Butane average.