Dhaka, Bangladesh – Brace yourselves for a potential spike in cooking gas costs. The state-owned Bangladesh LP Gas Limited has officially submitted a proposal to increase the price of its 12.5 kg LPG cylinders by a staggering 410 BDT.
If the proposal is approved, the new price for a 12.5 kg cylinder will jump from its current rate to 1,235 BDT.
Why the sudden hike?
According to the company’s Managing Director, Md. Yusuf Hossain Bhuiyan, the primary reason is to combat “cross-filling.” Currently, the price of state-produced LPG is significantly lower than that of private companies. This price gap has led to unauthorized cross-filling, where private operators reportedly use state cylinders to sell their gas.
Additionally, the company cited the need to adjust for:
- Increased operational costs.
- Rising local transportation expenses for dealers.
- Various administrative charges.
A History of Rejection
This isn’t the first time the company has tried to raise prices. In September last year, they proposed a hike from 825 BDT to 925 BDT. However, the Bangladesh Energy Regulatory Commission (BERC) rejected that application, maintaining the previous rates to protect consumers.
What’s Next?
The new proposal is currently under review by the relevant authorities. While the company insists the adjustment is necessary for market stability, the final decision rests with the regulators. If approved, the price change will be implemented across the country shortly after.
What do you think? Will this hike help stop illegal cross-filling, or is it an unfair burden on the general public? Let us know in the comments!
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