Bangladesh Energy Regulatory Commission (BERC) is set to hold a public hearing for fixing the price of liquefied petroleum gas (LPG) at consumer level on January 14, 17 and 18.
Now there is no bar to hold the hearing as we received proposals from 28 companies, including Bangladesh Petroleum Corporation (BPC), for fixing the price of liquefied petroleum gas (LPG) at consumer level, a senior official of the commission said.
According to the official, the private companies wants Tk 1050 to Tk1200 for a 12.5 kg bottle of LPG. The BPC wants TK 700 for the same amount.
BERC fixes natural gas price but it had never fixed LPG price. It fixed by the market players.
There is no LPG price monitoring system or existence of energy pricing policy to discuss the issue although LPG consumption in the country has increased four times between 2016 and 2020.
About 57 LPG companies are now dominating the unlimited market who supplies over 1.0 million tonnes of LPG each year in the country. BPC has a very insignificant market.