Dhaka, Jan. 6 -- Power and Energy Advisor Fouzul Kabir Khan has said there is no actual shortage of liquefied petroleum gas (LPG), blaming market manipulation for recent supply concerns and sharp price rises.

Speaking to reporters on Tuesday at the Secretariat following a meeting of the Cabinet Committee on Government Purchase, he expressed hope that prices would gradually come down.

"LPG is imported and then bottled. Imports are higher this month than last month, so there is no reason for any shortage from that perspective," he said.

The advisor explained that the private sector controls 98 percent of the LPG cylinder market. The state's contribution is limited to 2 percent, consisting of propane and butane sourced from the Eastern Re...