Bangladesh, Nov. 12 -- Higher international LPG prices, supply disruptions caused by conflicts in the Middle East, rising shipping costs and the depreciation of the taka have contributed to a sharp increase in liquefied petroleum gas (LPG) prices in Bangladesh, according to the LPG Operators Association of Bangladesh (LOAB).

Advertisement In a statement, LOAB President Mohammad Amirul Haque said Bangladesh's heavy dependence on imported LPG had left the domestic market highly exposed to volatility in the global energy market.

Around 80 per cent of the cost of a 12-kg LPG cylinder is linked to international procurement and import expenses, while the remaining 20 per cent covers taxes, filling costs, local transportation, profits, and de...