How much should LPG cylinder price be – Energy Advisor

Advisor to the Ministry of Power, Energy and Mineral Resources Mohammad Fouzul Kabir Khan has said that controlling the price of LPG is very important to address the country’s energy crisis. At the same time, he feels that the price of a 12-liter cylinder should be within 1,000 taka.
He said these things while speaking as the chief guest at the policy conference titled ‘LPG in Bangladesh: Economy, Environment and Security’ at the Grand Ballroom of Pan Pacific Sonargaon Hotel in the capital today (October 11).
The energy advisor said that controlling the price of LPG is very important to address the country’s short-term energy crisis. As the current market price of the cylinder is more than 1,200 taka, industrial and household users are not getting proper benefits. However, its price should be within 1,000 taka.
He said that the main challenge of LPG is the price. Currently, a cylinder priced at 1,200 taka in the market is being sold for 1,400-1,500 taka in some cases. Therefore, price control, supply development and increasing the efficiency of the private sector are very important. It is not possible to ensure the country’s energy security without a responsible business attitude.
The advisor said that the country’s primary energy shortage is not a natural crisis. It is the result of a planned situation, which was created by some ruling politicians and their allied business groups. The demand for gas supply has been ignored in the planning of power generation and gas lines, which has resulted in a large number of illegal connections in industries and households.
Foujul Kabir Khan said that local gas production is decreasing every year. About 200 million cubic feet of production is decreasing every year, but we have been able to collect only 70 million cubic feet of new gas. LNG is being imported for this, although it is being criticized due to its high price.
He also said that LNG import requires a long-term process, so LPG can be an effective alternative to meet the short-term deficit.
BNP National Standing Committee member Dr. Abdul Moin Khan and the guest of honor was Jalal Ahmed, Chairman of the Bangladesh Energy Regulatory Commission (BERC).