The Bangladesh Energy Regulatory Commission has reduced the price of liquefied petroleum gas for consumers by Tk聽29 per 12-kg cylinder for October.
With the latest adjustment, the price of a 12-kg LPG cylinder has been set at Tk聽1,241, down from Tk聽1,270 in September.
The new rate will come into effect from 6:00pm on Tuesday.
Announcing the revised price at a press briefing, BERC chairman Jalal Ahmed said the reduction reflects changes in the Saudi Contract Price, the international benchmark used to determine LPG prices in Bangladesh.
The price of autogas 鈥� the LPG used in motor vehicles 鈥� has also been reduced by Tk聽1.38 per litre, bringing it down to Tk聽56.77 at the consumer level for October.
In September, the price of autogas was set at Tk聽58.15 per litre, including VAT, after a slight cut of Tk聽0.13.
According to BERC, the October adjustment is based on Saudi Aramco鈥檚 CP for propane and butane, set at $495 and $475 per metric tonne respectively.
Using a 35:65 ratio of propane to butane, the average CP was calculated at $482 per metric tonne, which guided the latest price revision for private LPG and autogas in the local market.