The domestic liquefied petroleum gas (LPG) market is undergoing a shake-up as stricter banking rules during the interim government have altered who can import fuel.
As a result, some of the largest players have been sidelined, while emerging companies are rapidly expanding their footprint.
Two former key market players, Bashundhara LP Gas Ltd and Beximco LPG, have effectively been excluded from direct imports since the 2024 political changeover and the subsequent formation of the interim government.
Meanwhile, Meghna Fresh LPG Ltd, Jamuna Spacetech Joint Venture and United Aygaz LPG Ltd have gradually increased their market share up to fiscal year (FY) 2025.
According to National Board of Revenue (NBR) data, LPG imports rose from 12.23 lakh tonnes in 2023 to 14.42 lakh tonnes in 2024, and 14.47 lakh tonnes in 2025. In the first two months of 2026, up to February 24, some 13 companies imported 2.13 lakh tonnes, signaling a strong start to the year.
Bashundhara LP Gas, once among the top three importers with a 15.5 percent share in FY2023, saw its share fall to 5.19 percent in FY2024 and 3.68 percent in FY2025. No imports have been recorded under its name so far in 2026.
