<div><span style="font-size: 1rem;"><b>Price of Liquefied Petroleum Gas (LPG) has been increased to Tk 94.96 per kg for the month of August from Tk 83.25 in July.</b></span><br></div><div><br></div><div>Bangladesh Energy Regulatory Commission (BERC) announced the new price, saying that the retail consumer will now get a 12kg LPG cylinder at Tk 1,140 including VAT instead of previous price of Tk 999.</div><div><br></div><div>Prices of other sizes of LPG cylinders – from 5.5kg to 45kg – will go up rationally, Md Nurul Amin, the chairman of BERC, said at a press briefing on Wednesday at the BERC office in Dhaka.</div><div><br></div><div>The new prices will be effective from 6 pm today (August 2, 2023).</div><div><br></div><div>As per the BERC decision, the price of “auto gas” (LPG used for motor vehicles) also increased to Tk 52.17 per litre (including VAT) from Tk 46.59 per litre.</div><div><br></div><div>The price of LPG, marketed by state-owned LP Gas Company, will remain the same as it is locally produced with a market share of less than 5 percent.</div><div><br></div><div>BERC officials said the LPG price witnessed a decline in the local market due to the decrease in the prices of Saudi CP (contract price).</div><div><br></div><div>Bangladeshi LPG operators normally import their products from the Middle-East market on the basis of Saudi CP.</div><div><br></div><div>LPG witnessed the highest price at Tk 1,498 (per 12kg cylinder) in the local market in February this year following the start of the Russia-Ukraine war in February last year. - UNB</div><div><br></div><div>bnbd24/fas</div>