The price of Bashundhara LP gas has been reduced for another phase after December last year.
Bashundhara LP gas is the most used commodity for cooking purpose across the country as it is secure and affordable.
The company cut the LP gas price for another phase taking ino account the interest of consumers, said a press release on Sunday.
MM Jasim Uddin, Head of Marketing of Bashundhara LP Gas Ltd, said the price of LP gas has been reduced by Tk 20 per cylinder of 12kgs and 30kgs, Tk 50 per cylinder of 45kgs and Tk 75 per cylinder of a tonne.
In this regard, he said Bashundhara has been leading the LP gas market for the last 20 years. At present, the company’s market share is more than 30 percent. Recently many big companies have entered the LPG market.
“In this competitive market, Bashundhara has retained its position as the company is selling the product at a price. The authorities of the company also has a commitment that the government is encouraging LPG gas as an alternative fuel for the past 4-5 years,” Jasim Uddin added.
He also said that Bashundhara LP Gas Limited has sold LP gas more in comparison to other companies over the last one year.
“We have seen that it is possible to reduce some of the price by making small profits even lower. That’s why the price was reduced from today (Sunday). Earlier, the price was reduced on December 5,“ said Jasim.
Now every month 50,000 metric ton LPG gas is being used in the country. The entrepreneurs at this time have always made a claim to the government that tariff duty on import of raw materials for cylinders was made. Although the tax or VAT was levied on import of gas cylinders, the duty on the import of cylinders raw materials was not withdrawn or reduced.
According to fuel experts, 25 percent of the country’s forest area is supposed to be forested but only 7 percent. In this situation, the use of LP gas in rural areas will reduce the use of wood as fuel and the forest cover will be preserved. To do this, Bashundhara is trying to give a kind of incentive to reduce LPG prices.
Private operators have always been subjected to a kind of moral pressure to keep the LP gas price at the hands of ordinary people.
State Minister for Power, Energy and Mineral Resources Nasrul Hamid also said the same thing. However, the organisers said that LP gas is not like other fluid fuel.
The use of LP gas as an industrial product is not 10 percent. Basically, the price of raw materials is determined by the price of the consumer. There is no government subsidy here. It is completely a consumer product.