Dhaka, Jan. 8 -- The Ministry of Power, Energy and Mineral Resources has recommended cutting value-added tax (VAT) on liquefied petroleum gas (LPG) imports to below 10 percent by reinstating a 15 percent VAT exemption at the import stage.

"To maintain normal supply of LP gas in the market, the advisory council agreed to reinstate the 15 percent VAT exception at the import stage and impose VAT below 10 percent and provide exemption from the 7.5 percent VAT imposed at the local production stage at a meeting," BSS reports citing a ministry letter.

The power, energy and mineral resources ministry sent the letter to the National Board of Revenue (NBR) to take necessary measures in this regard.

Recently, the LPG price reached a volatile situ...