Dhaka, Feb. 5 -- In a bid to maintain a steady supply of liquefied petroleum gas (LPG), the Advisory Council has approved VAT and tax exemptions at the local production and trader level.

The decisions came at a meeting of the Advisory Council at the Chief Advisor's Office (CAO) in Dhaka's Tejgaon on Thursday, led by Chief Advisor Muhammad Yunus.

After the meeting, Press Secretary Shafiqul Alam said: "A 7.5 percent VAT and 2 percent advance tax exemption have been granted at the local production and trader level.

"In addition, a proposal to impose a 7.5 percent VAT on imports has been approved.

"As a result, the overall tax burden on LPG will reduce slightly, which should bring prices down in the local market."

Earlier in January, sup...