LPG Price Holds at Tk 121.25 per Kg

Bangladesh's LPG industry has struggled with unsustainable pricing, with companies selling gas cylinders at a loss to capture market share. The cost of production is around Tk3,000 per cylinder, but companies like Omera and Bashundhara sell them for Tk800-900, leading to significant financial losses. 

Omera LPG launched the "LPG Solution" app, a home delivery platform for LPG cylinders, during an event marking International Chef's Day 2024 in Dhaka. The app allows customers to conveniently order LPG cylinders with home delivery and support services like kitchen setup and safety assistance. It is available on the Google Play Store and App Store. The launch event featured top chefs and Omera's senior management.

A public dispute among LPG traders in Bangladesh erupted after Azm J. Chowdhury, chairman of East Coast Group, alleged illegal LPG imports from Iran. He filed complaints with authorities, but customs and port officials found no evidence to support his claims. In retaliation, other traders accused Chowdhury of attempting to monopolize the market through his company, Omara Petroleum Limited, which dominates LPG imports.

The Bangladesh Energy Regulatory Commission (BERC) has raised the prices of Liquefied Petroleum Gas (LPG) by Tk 2.88 per kilogram and auto gas by Tk 1.58 per litre for October. As a result, the price of a 12kg LPG cylinder will now be Tk 1,456, an increase of Tk 35 from the previous month.

The price of a 12-kg liquefied petroleum gas (LPG) cylinder in Bangladesh has been raised by Tk 44, reaching Tk 1,421 for September. This marks the third consecutive month of price increases. In August, the price was raised by Tk 11 to Tk 1,377, and in July, it increased by Tk 3 to Tk 1,366. The new price will take effect from Monday evening, as announced by the regulatory authority.