Bangladesh Energy Regulatory Commission (BERC) Chairman Jalal Ahmed stated that consumers cannot be guaranteed to purchase liquefied petroleum gas (LPG) at government-fixed prices. He made the remarks on Sunday during a press conference announcing new LPG prices. Ahmed said a meeting was being held at the Secretariat to discuss complaints of distributors charging higher prices, with members of the LPG Association in attendance. BERC will also hold discussions with the association on the issue.
The chairman explained that the commission sets prices based on importers’ total costs, but cannot ensure that consumers will always get LPG at that exact rate. The LPG Association claims it supplies gas at the fixed price. BERC has also spoken with the Directorate of National Consumer Rights Protection to conduct drives against overpricing, and action will be taken if any company is found guilty of charging extra.
Ahmed added that shipping shortages from the Middle East and difficulties in opening letters of credit (LCs) are affecting imports. He urged companies to increase imports from Singapore and said the government’s higher authorities would intervene if LC complications persist.