Bangla News 24 - LP Gas demand surge 66pc in 1-yr

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LP Gas demand surge 66pc in 1-yr

03 Jul 2012 06:48:07 PM Tuesday BdST

News Desk banglanews24.com DHAKA: The demand of LP gas in the country climbed up by 66 percent amounting around 500,000 metric tonnes during fiscal year 2011-12. Currently the country is struggling to meet the growing LP Gas demand due to production and supply constraints. A senior official of Ministry of Power, Energy and Mineral Resources told this citing a study released by the ministry. The government suspended new gas connections to households from July 2010, which led to a surge in LP Gas demand across the country, the official said. Before the suspension, LPG demand in the country was around 100,000 metric tonnes in fiscal year 2010-11, the data revealed. The state-owned LP Gas Limited, a subsidiary of Bangladesh Petroleum Corporation (BPC), produces some 20,000 metric tonnes per year, the official said. While five private firms Bashundhara, Totalgaz, Kleenheat, Jamuna Spacetech and Linde import a combined 80,000 metric tonnes per year, he said. This takes the total available LPG supply in the country to just 100,000 metric tonnes per year. With a supply shortage of around 400,000 metric tonnes per year, prices in the domestic market have gone up substantially, traders and consumers said.

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Bangla News 24 - LP Gas demand surge 66pc in 1-yr

http://www.banglanews24.com/English/printNews.php?nssl=ddf22c9...

A 12.5 kg LPG cylinder is now being sold at around Tk 1,500 ($18.40) with BPC subsidiary, which was Tk 1,100 one year ago.

BPC Chairman Abubakar Siddique said, The government has taken steps to increase LP Gas supply by raising production capacity at the state-owned firm and asking private ones to raise imports. BDST: 1840 HRS, JUL 03, 2012 Edited by: Abul Kalam Azad, Newsroom Editor, M. Mahbub Alam, Asst Output Editor
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