Dhaka, Feb. 17 -- The government has reduced value Added Tax(VAT) on LPG in a move aimed at stabilising the market and keeping the essential fuel within consumers' purchasing power.

In a press release issued on Monday night, the National Board of Revenue (NBR) said it had issued two separate notifications on February 16, effective until June 30, 2026, revising the existing VAT structure on LPG.

Under the previous system, 7.5 per cent VAT was applicable at the local production and trading stages, while a 2 per cent advance tax was imposed at the import stage.

Following an application from the Liquified Petroleum Gas(LPG)Operators Association of Bangladesh (LOAB) and a recommendation from the Energy and Mineral Resources Division, the go...