Bangladesh cuts 12kg LPG cylinder price by Tk 19

The retail price of LPG per kg has been fixed at Tk 119.24, which was Tk 120.80 the previous month

The government has reduced the price of 12kg liquefied petroleum gas (LPG) cylinders by Tk 19 for each unit for May.

Each 12kg cylinder will now cost Tk 1,431, effective from 6pm, the Bangladesh Energy Regulatory Commission (BERC) said on Sunday.

Bangladesh imports propane and butane, the main components of LPG, from abroad. BERC adjusts the price of LPG in the domestic market based on the cargo price of Saudi Arabia's state-owned company Aramco.

Aramco set the average price of propane and butane at $597 per ton, BERC said.

The retail price of LPG per kg has been fixed at Tk 119.24, which was Tk 120.80 in the previous month.

Accordingly, a 5.5kg cylinder of LPG has been fixed at Tk 656, 15kg at Tk 1789, 20kg at Tk 2385, 25kg at Tk 2981, 30kg at Tk 3577, 35kg at Tk 4173, and 45kg at Tk 5366.

At the consumer level, the price of each litre of autogas has also been cut from Tk 66.41 to Tk 65.57, while the price of reticulated gas has been fixed at Tk 115.49.