New rates will take effect from 6 pm on Thursday, says the energy regulator.
The Bangladesh Energy Regulatory Commission (BERC) has increased the prices of liquified petroleum.
LPG the second time in one month.
The BERC hiked the price of LPG, used for cooking, per kg by Tk12.54.
Accordingly, the price of a 12 kg cylinder rose by Tk 150.56 from Tk1,240 in February to Tk1,390.56.
The new price will take effect from 6 pm on Thursday, the BERC said in a virtual media call.
On February 3, the regulator increased the prices by 5.26%, after two months of consecutive price.
The price of a 12kg cylinder was revised by Tk62 then.
The price of autogas has also gone up to TK 64.78 a liter from the Tk 57.51.
BERC chairman Abdul Jalil said the Russia-Ukraine war has pushed up the LPG prices globally.
Creating a crisis in the energy market.
We are forced to hike the local LPG prices as the Saudi contract price (CP) has risen globally.
From $775 per metric tonne to $911,” he said.
Earlier local suppliers faced supply disruptions.
But now the problem has been resolved.
The BERC chairman, however, said the prices of the state-owned LP Gas Company’s LPG.
Will remain unchanged as it’s not linked to the global market rates.
Citing industry insiders, UNB reported that the Saudi CP is normally announced at the end of every.
to make it effective for the next month, and it takes at least 7-10 days for a shipment of the fuel to arrive.
Most Bangladeshi private companies import their bulk LPG from the Middle East on the basis of Saudi CP.
Bangladesh Energy Regulatory Commission (BERC) Chairman Abdul Jalil has said that.
The watchdog will make a detailed analysis before taking any decision on the proposals submitted.
Different gas distribution companies to raise the gas tariffs.