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Rohingya crisis

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  PM seeks OIC support to resolve Rohingya crisis Prime Minister Tarique Rahman today sought support from member states of the Organization of Islamic Cooperation to help resolve the Rohingya crisis. He made the appeal when ambassadors and high commissioners of OIC member countries stationed in Dhaka paid a courtesy call on him at his Cabinet Division office at the Bangladesh Secretariat this afternoon, according to Prime Minister’s Deputy Press Secretary Jahidul Islam Rony. During the meeting, the envoys congratulated Tarique Rahman on assuming office as Prime Minister. The OIC member states also reaffirmed their strong commitment to standing beside Bangladesh and strengthening bilateral cooperation in several sectors, including investment, trade, education, healthcare, textiles, and the pharmaceutical industry. Rony said the Prime Minister welcomed their remarks and, on behalf of the government and the people of Bangladesh, thanked the OIC countries for their continued support. T...
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Fuel Crisis

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Fuel Crisis

12kg LPG cylinder price surges by Tk 387 in a single hike

The price of privately supplied liquefied petroleum gas (LPG) at the consumer level has risen sharply for April, with an increase of Tk 32.30 per kg. As a result, the cost of a widely used 12kg cylinder has jumped to Tk 1,728, up from Tk 1,341 last month—marking a steep rise of Tk 387 per cylinder.

The Bangladesh Energy Regulatory Commission (BERC) announced the revised prices on Thursday, which took effect from 6:00 pm the same day.

Earlier, at the start of February, the price of a 12kg cylinder was set at Tk 1,356. Following a reduction in import duty, it was adjusted on February 24, bringing the price down slightly to Tk 1,341.

According to BERC, LPG cylinders are available in various sizes, and the new rate has been fixed at Tk 144.04 per kg. Prices for different cylinder sizes will be determined based on this benchmark.

Although BERC revises LPG prices monthly, consumers often do not get cylinders at the government-set rates. The 12kg cylinder, the most commonly used for household purposes, is reportedly being sold at Tk 300 to Tk 400 higher than the official price in many areas.

Meanwhile, the price of a 12.5kg LPG cylinder supplied by state-owned companies remains unchanged at Tk 825. The price of LPG used as autogas has also increased, rising to Tk 79.77 per litre from Tk 61.83.

BERC has been regulating LPG prices since April 2021. The main components of LPG—propane and butane—are imported from abroad. Each month, Saudi energy giant Saudi Aramco sets benchmark prices for these components, known as the Saudi Contract Price (CP).

BERC determines local LPG prices based on this Saudi CP, along with the average exchange rate of the US dollar calculated from importers’ invoices.

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