Amid ongoing market instability, the
Bangladesh Energy Regulatory Commission (BERC)
announced a sharp increase in the price of Liquefied Petroleum Gas (LPG) on
Monday, October 2
. The consumer price for a 12kg private LPG cylinder has been hiked by
৳223
, raising the rate from ৳1,837 to
Read nextMeasles Outbreak: 3 More Deaths Reported; 1,548 New Hospitalizations Recorded in 24 Hours Across Bangladesh৳2,060
.
The new pricing takes effect from
8:00 PM
on the day of announcement.
BERC attributed the steep price hike to rising international Saudi CP market prices alongside upward revisions in margins for importers, bottlers, dealers, and retailers following public hearing demands. Under the revised framework, importer storage and bottling charges (including plant-to-distributor transport) increased to ৳281.76 (from ৳200), dealer commissions rose to ৳85 per 12kg cylinder (from ৳50), and retailer margins were set at ৳70 (from ৳45). Concurrently, the price of vehicular autogas was raised to ৳91.95 per liter from ৳84.62.
Despite regulatory price settings, retail markets have faced severe price distortions. An intelligence report revealed that five major importers halted sales from September 22 to hoard stock during global price spikes (up $64 per tonne), driving actual retail prices in Dhaka to ৳2,200–৳2,500 despite stable import volumes of 156,000 tonnes in September. Consumer advocates raised severe concerns at recent BERC public hearings over regulatory inactivity and lack of penal measures against hoarding importers.
— Daily Best News Desk • Fearless in the search for truth
Reported by Staff Reporter • Edited by the Daily Best News desk. Send corrections to [email protected].
