BERC dwindles LPG cylinder price

Bangladesh Energy Regulatory Commission (BERC) has lowered the price of the Liquefied Petroleum Gas (LPG) at the retail level.

"The price will be adjusted every month based on the Saudi Contract Price (CP) of Propane and Butane, the raw materials for the cooking gas," said BERC chairman Md. Abdul Jalil while announcing the order on Monday.

According to the decision, 12.5 kg state-owned LPG cylinder will cost Tk591, while the private LP gas will cost Tk975 instead of the current rate of Tk1100.

The chairman of the regulatory commission further added that legal action will be taken against those who try to sell at a price higher than the stipulated price.

The price of cooking gas has largely been controlled by the private sector by far, while Bangladesh Petroleum Corporation (BPC) was responsible for the portion owned by the state.

Recently, BERC has taken up the charge of LPG price adjustment, following the directives of the High Court.

At present, there are twenty-eight LPG operators in the country against an annual demand of around one million tonnes.

Around 98% of the country's total demand is being met by imported LPG, and BPC supplies the remaining 2% from local sources.