Bringing volatile LPG market to order
Bangladesh, Oct. 6 -- The Bangladesh Energy Regulatory Commission (BERC)'s decision on Sunday to raise the price of a 12-kg cylinder of liquefied petroleum gas (LPG) by Tk252 to Tk1,837 at one go is a jolt to common consumers. The regulator reportedly attributed the increase to higher international prices of propane and butane (constituents of LPG), enhanced freight and traders' premiums and increased transportation costs following the equally cut-throat fuel-oil price hike. The BERC expects the adjustment would bring the volatile LPG market to order. But will a higher official price stabilise a market when the prices fixed earlier by the regulator were hardly ever complied with? In September, when BERC fixed LPG price, in many places co...
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