12kg LPG price slashed by Tk357 in Bangladesh

Bangladesh has significantly reduced the retail price of liquefied petroleum gas (LPG), bringing relief to millions of households that rely on the fuel for daily cooking.

The Bangladesh Energy Regulatory Commission (BERC) on Thursday (July 2) announced a new retail price for a 12-kilogram LPG cylinder, cutting the price by Tk357. Under the revised rate, a 12kg cylinder will now cost Tk1,528. The new price came into effect from Thursday evening.

The latest adjustment marks one of the largest monthly price reductions in recent months and is expected to ease household expenses amid ongoing concerns over the cost of living. LPG is widely used across Bangladesh, particularly in areas that do not have access to the country's natural gas distribution network.

BERC reviews LPG prices on a monthly basis, taking into account fluctuations in international market prices, shipping costs, exchange rates, and other relevant factors. The commission revises domestic retail prices in line with changes in the Saudi Aramco Contract Price (CP), which serves as the international benchmark for LPG pricing.

Although the regulator did not immediately provide a detailed explanation for the latest reduction, the price cut is believed to reflect lower international LPG prices and adjustments in import costs.

Industry observers say the revised price is likely to benefit millions of consumers, including households, small businesses, restaurants, and commercial users that depend on LPG as their primary source of cooking fuel. However, they also noted that actual retail prices may vary slightly depending on transportation costs and local distribution expenses in different parts of the country.

The Bangladesh Energy Regulatory Commission urged LPG marketing companies and distributors to implement the new pricing from Thursday evening and ensure consumers are charged according to the revised rate.

The latest price revision underscores the regulator's ongoing efforts to align domestic LPG prices with global market trends while ensuring greater transparency in the country's energy pricing mechanism.