The price of liquefied petroleum gas (LPG) has been slightly raised following a change in the structure of the value-added tax (VAT) by the National Board of Revenue (NBR), according to the Bangladesh Energy Regulatory Commission (BERC).
In a press release, the BERC announced that the price of LPG per kg has been set at Tk 121.56, up from Tk 121.19, showing an increase of Tk 0.37.
As a result, the price of a 12 kg LPG cylinder will now be Tk 1,459, an increase of Tk 4, effective from January 14 (Tuesday).
Prices for other sizes of LPG cylinders—ranging from 5.5 kg to 45 kg—will also rise accordingly, the BERC added.
LPG exempted from VAT at production stage
Besides, the price of “auto gas” (LPG used for motor vehicles) has been adjusted to Tk 67.27 per litre, up from Tk 66.78 (including VAT).
However, the price of LPG marketed by the state-owned LP Gas Company will remain unchanged, as it is locally produced and holds a market share of less than 5 percent.
LPG witnessed the highest price at Tk 1,498 (per 12 kg cylinder) in the local market in February last year.