private companies will have to sell 12kg LPG at Tk 906 instead of the current price of Tk 975, while the state-owned LP Gas Company will sell 12.5kg LPG at Tk 591 as it has no relation with Saudi CP. COURTESY
As per the new prices, private companies will have to sell 12kg LPG at Tk 906 instead of the current price of Tk 975, while the state-owned LP Gas Company will sell 12.5kg LPG at Tk 591 as it has no relation with Saudi CP.
In re-fixing the price, the value of per kg of LPG was considered to be Tk 75.49 including VAT and such price will be applicable for re-fixing the price of other weighed containers.
The auto gas price was also re-fixed at Tk 44.70 per litre against the current price of Tk 47 under the price adjustment procedure.
“This price will be applicable for the month of May until further adjustment in the Saudi CP,” said BERC Chairman Md Abdul Jalil, while announcing the new price through a virtual briefing on Thursday.
“The private companies’ LPG price was re-fixed on the basis of Saudi CP,” he told reporters.
Normally, the biggest Saudi oil company Aramco announces its CP for bulk LPG at the concluding state of every month for next month’s transactions.
Most of Bangladeshi private companies import their bulk LPG from the Middle-East on the basis of Saudi CP and market it in the country.
The BERC for the first time fixed the retail level LPG price on April 12 after holding a public hearing to comply with a High Court order.
About 20 private companies have been operating in the market with more than 95% market share by annually importing 1.2 million tonnes of bulk LPG from mainly Middle-East while the state-owned LP Gas Company is locally producing 25,000 tonnes of LPG from locally produced condensates at different gas fields.
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