Dhaka, June 4 -- The LPG Operators Association of Bangladesh (LOAB) has strongly opposed the government's proposal to increase Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) cylinders from 7.5% to 10%.

They warned that the move could severely destabilise the country's energy security and hurt millions of low-income families.

LOAB President Muhammed Amirul Haque in a statement said the proposed tax hike poses a 'serious threat' at a time when domestic natural gas reserves are dwindling and new household gas connections have already been suspended.

"LPG is the primary alternative fuel for millions of families. Increasing VAT will make it less affordable and limit access for those who need it the most," he said.

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