Dhaka, Feb. 2 -- The price of Liquefied Petroleum Gas (LPG) has substantially increased by Tk 22.15 per kg to Tk 124.85 from the previous price of Tk 102.70 per kg for February.

Bangladesh Energy Regulatory Commission (BERC) announced its latest price through a press release on Thursday, reports UNB.

As per the new price, the 12kg LPG cylinder cost has increased by Tk 266 as a retail consumer will get it at Tk 1498 instead of the previous price of Tk 1,232 including VAT.

LPG prices for other sizes of cylinders - from 5.5kg to 45kg - will go up rationally, said the BERC press release.

An official of the BERC said that the prices witnessed such an excessive rise due to a huge increase in the prices of Saudi CP (contract price).

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