Dhaka, Nov. 2 -- Consumers are set to face further financial pressure as the price of a 12kg Liquefied Petroleum Gas (LPG) cylinder has been increased by Tk 223 to Tk 2,060, adding to their woes amid persistent overpricing in the market.

The Bangladesh Energy Regulatory Commission (BERC) issued a notification regarding this price hike on Monday evening.

The new rate will come into effect after 8:00 pm tonight.

Although the price was raised by Tk 252 to Tk 1,837 in October, the product is currently being sold for between Tk 2,200 and Tk 2,300, even within the capital itself.

The price of autogas, used mainly in motor vehicles, has also been raised significantly.

BERC fixed the consumer-level price at Tk 91.95 from Tk84.62 per litre fo...