The Bangladesh Energy Regulatory Commission fixed Tk 1,422 as the price of the 12-kg LPG cylinder for March, down by Tk 76 from the previous month.

The new price is effective from today, according to a Bangladesh Energy Regulatory Commission notice.

The price per kg of LPG would be Tk 118.54.

Autogas, the LPG used in cars, will be Tk 66.22 per litre, which was Tk 70 in February.

BERC sets the price of private companies' bottled LPG in line with Saudi Aramco's contract prices of propane and butane, the main ingredients of LPG.

Bangladesh's annual LPG consumption is about 14.28 lakh metric tonnes, with households accounting for about 84 percent of the consumption.

Around 99 percent of the market is dominated by 29 private companies, with the key players being Bashundhara LP Gas, Beximco LPG, Laugfs Gas Bangladesh, Omera LPG, Fresh LP Gas, and Sena LPG.