DHAKA, Feb 3 (NNN-BSS) – The price of Liquefied Petroleum Gas (LPG) in Bangladesh, has been hiked by 22.15 taka per kg, to 124.85 taka.
Bangladesh Energy Regulatory Commission (BERC) in Dhaka, announced the latest LPG price through a press release yesterday. The new price will be effective immediately.
The 12 kg cylinder LPG price, which was 1,232 taka in Jan, would now stand at 1,498 taka after the hike. The move to raise the LPG price came, after the electricity price was hiked by five percent to 7.48 taka per unit, on a weighted average.
Bangladeshi State Minister for Power, Energy and Mineral Resources, Nasrul Hamid, said, the government is working on a plan to adjust power and energy prices every month.
The minister said, backlog made due to financial losses in gas import would likely be overcome to some extent, if the price adjustment is made on a monthly basis.
Experts claimed, the markup in the retail power and energy prices would likely push up the nation’s inflation rate again.
Inflation in Bangladesh accelerated to 9.52 percent in Aug last year, the highest in 10 years, mainly driven by higher food prices, the Bangladesh Bureau of Statistics (BBS) reported. (1 U.S. dollar equals about 100 taka)– NNN-BSS
