Volume 16, Issue 18

 

The demand for Liquefied Petroleum Gas (LPG) in Bangladesh is growing fast and expected to grow to around 3.0 million tonnes annually by 2025, rising from around 0.8 million tonnes in 2018. The business offered new opportunities for the investors to make money as well as the consumers by way of making available cleaner cooking fuel while benefiting the environment through reducing carbon emission. There are also downside risks for the subsector of energy. Whatever may be the cause, very often accidents are taking place sometimes claiming lives, which would not ultimately bode well for the growing industry. Another major concern is price shock as evident with the price hike of LPG by around US$ 200 per tonne in the international market in the middle of last year. As a result, the demand for LPG in the local market came to a halt. Moreover, it would not be wise to make the market over saturated with bringing more than required operators. The concerns should be addressed immediately – be it by the government or the operators – before facing any adverse consequence by the industry.

  


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