Bangladesh, Nov. 12 -- LPG Operators Association of Bangladesh (LOAB) today attributed increased raw materials required for liquefied petroleum gas alongside the supply crunch of the LPG and currency depreciation to heightened price of the crucial energy source in the country.

Advertisement LOAB issued a statement saying higher raw material costs in international market, supply chain disruptions caused by the Middle East conflict, transport vessel shortages, rising transportation costs and the depreciation of the Taka against the US Dollar triggered the LPG price hike.

It said purchase and shipment required 80 percent of the cost of a 12 kg cylinder while VAT and taxes, cylinder filling, local transportation, dealer and retailer commis...