Nepal, Oct. 9 -- The government hiked the price of a 12kg cylinder of liquefied petroleum gas (LPG) by Tk 252, an almost 16 percent jump in one go, which was in line with the petrol products' hikes announced earlier. According to a Bangladesh Energy Regulatory Commission press notification issued the next day, the regulator calculated the October price based on Saudi Aramco's Contract Price (CP) for propane and butane, which stood at $680 and $730 per tonne respectively. The average Saudi CP was therefore set at $712.50 per tonne.

The commission also considered $250 per tonne in shipping and trader premiums and an average exchange rate of Tk123.18 per US dollar while determining the new price. It all meant the price of the 12kg cylinder ...