The Bangladesh Energy Regulatory Commission (BERC), from now on, will fix and announce the price of liquefied petroleum gas (LPG) in the country.
Till these days, the price of LPG produced by state-owned companies was fixed by Bangladesh Petroleum Corporation (BPC) while the private companies fixed their own price.
BERC Chairman Md Abdul Jalil on 11th April (Monday) stated the commission will announce the price on 12th April (Monday) through a virtual press conference. In this regard, the commission also published a circular on its website.
The BERC has been determining the electricity tariff and price of natural gas for both bulk and retail consumers in line with its responsibility after its establishment in 2003, although the issue of setting the LPG price remained out of the purview of the regulatory body.
Electricity tariffs and prices of downstream petroleum products should be fixed by the energy regulator through public hearings – according to the BERC Act, 2000.