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The Bangladesh Energy Regulatory Commission (BERC) has announced a major reduction in the retail price of liquefied petroleum gas (LPG), bringing relief to household consumers for July.
The price of the widely used 12kg LPG cylinder has been reduced by Tk357, from Tk1,885 to Tk1,528.
The new prices were announced at a press conference on Thursday (July 2). BERC said the revised rates will take effect nationwide from Thursday evening.
The commission also lowered the price of autogas, the LPG used as vehicle fuel. The retail price has been reduced by Tk16.53 per litre, from Tk86.93 to Tk70.40 per litre.
According to the BERC announcement, the retail price of LPG has been fixed at Tk 123.55 per kilogram, down from Tk 153.31, inclusive of VAT, for privately marketed LPG. The commission also reduced the price of LPG supplied through privately owned reticulated gas systems to Tk 274.50 per cubic metre from Tk 340.70.
As per the BERC decision, the retail prices of privately marketed LPG cylinders have been revised as follows: Tk 1,591 for a 12.5 kg cylinder, Tk 1,910 for 15 kg, Tk 2,037 for 16 kg, Tk 2,291 for 18 kg, Tk 2,546 for 20 kg, Tk 2,801 for 22 kg, Tk 3,183 for 25 kg, Tk 3,819 for 30 kg, Tk 4,201 for 33 kg, Tk 4,456 for 35 kg, and Tk 5,729 for a 45 kg cylinder.
In a separate notification, BERC said the National Board of Revenue (NBR) has withdrawn Value Added Tax (VAT) at the LPG production stage and imposed VAT at the import stage.
