Bangladesh

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Public hearing on LPG price re-setting today

Staff Correspondent | Published: 00:41, Jan 14,2021

 
 

The Bangladesh Energy Regulatory Commission will hold today a public hearing on re-setting prices of liquefied petroleum gas at the consumer level will.

The daylong public hearing will be held at the BIAM Foundation auditorium and may be extended to January 17 or 18, if necessary, said a notice issued by the BERC on January 5.

The public hearing has been convened as per a High Court order issued on August 25, 2020.

The HC order came after the Consumers Association of Bangladesh had requested the court to direct the authorities concerned to re-set LPG prices at the consumer level.

The CAB has long been demanding that the LPG business should be regulated and prices should be set the BERC to spare consumers from the trouble of sudden increase in LPG prices.

So far, companies importing LPG have set prices at the consumer level.

After taking accounts of ‘expenses’ in LPG import, bottling and marketing, a BERC technical evaluation committee said that the price of a kilogram of LPG should be Tk 72.14, higher than the market price.

Currently, the government sells a kilogram of LPG for Tk 48 while the private companies charge between Tk 63 and Tk 71 for the same amount of gas.

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