12kg LPG cylinder price cut by Tk76 for March

A bit of relief for the domestic bottled gas users as the price of a 12kg Liquefied Petroleum Gas (LPG) cylinder provided by private operators has been cut by Tk76 to Tk1,422 for March.

The Bangladesh Energy Regulatory Commission (BERC) set the price by determining per kg LPG at Tk118.54 from Tk124.85 per kg last month.

The price of other sizes of cylinder would be determined by this rate as the new rate was made effective from Thursday evening, according to a BERC circular.

However, the price of the government provided LPG has remained unchanged.

Currently, there are around 40 lakhs users in the country who consume around 12 lakhs tonnes of LPG and around 99.5% is met by private operators.

Besides, the country has around 48 lakhs gas consumers who are being supplied gas through pipeline connections by six distribution companies.

The BERC announces the price of LPG every month in coordination with the Saudi Aramco's Contract Price (CP) rate of propane and butane.

Considering the average CP of propane and butane – raw materials of LPG – at $733 per tonne, the regulatory commission adjusted the price.

Meanwhile, the price of reticulated LPG stands at Tk115.31 per kg while auto gas price has been lowered to Tk66.22 per litre, from Tk69.71 in February, for the running month.