LPG price reduces by Tk55

The Bangladesh Energy Regulatory Commission (BERC) has reduced the retail price of liquefied petroleum gas (LPG) by Tk55, setting the new price of a 12-kilogram cylinder at Tk1,885.

The revised price, announced on Tuesday, takes immediate effect and applies to privately marketed LPG across the country. The reduction comes amid fluctuations in international LPG prices and adjustments in import costs.

According to BERC, the latest cut reflects a decline in the average international benchmark price of LPG, particularly the Saudi Contract Price (CP), which is used as a key reference for determining domestic LPG rates in Bangladesh.

The new rate marks a decrease from the previous price of Tk1,940 per 12kg cylinder. Industry observers say the adjustment is expected to provide some relief to millions of households and small businesses that rely on LPG for cooking and other daily needs.

LPG prices in Bangladesh are reviewed and adjusted monthly by BERC based on changes in global market conditions, exchange rates, transportation expenses, and other related costs. In recent months, consumers have witnessed several revisions in LPG prices, reflecting volatility in the international energy market.

Earlier this year, BERC made a series of price adjustments in response to changing import costs and movements in global fuel markets. While some months saw price increases due to higher international rates, others brought modest reductions as global energy prices softened.

Bangladesh's LPG market has expanded significantly over the past decade, driven by growing demand in both urban and rural areas where pipeline natural gas is unavailable. The country imports most of its LPG requirements, making domestic prices highly sensitive to developments in international energy markets.

Energy analysts note that continued stability in global LPG prices could help keep domestic rates affordable in the coming months, benefiting consumers across the country.