LPG price slashed again
Published: 02:28 PM, 31 May 2021
Bangladesh Energy Regulatory Commission (BERC) on Monday cut the retail price of Liquefied Petroleum Gas (LPG) of private companies by over 7 percent to Tk 842 for every 12kg cylinder.
The new price will come into effect from June 1 (Tuesday).
Announcing the new price at a virtual press conference, BERC chairman Abdul Jalil said the commission re-fixed the price as per the new rate of the Saudi Contract Price for May.
The contract price rate set by the Saudi Arabian Oil Company (Saudi Aramco) each month is the dominant price for LPG in Asia and elsewhere in the world.
BERC members Maqbool E-Elahi Chowdhury, Mohammad Abu Farooq, Bazlur Rahman, Secretary Rubina Ferdous, Deputy Director Kamruzzaman and others were connected at the press conference.
Last month, the BERC also brought down the retail price of the fuel by around 7 percent to Tk 906 for every 12kg cylinder.