Muhammad Faozul Kabir Khan, Adviser for Power, Energy, and Mineral Resources, has called on business operators to take responsibility in controlling LPG prices, emphasizing that the price of a 12-kilogram cylinder should remain below 1,000 taka.
He made the remarks on Saturday morning at a seminar titled “LPG in Bangladesh: Economy, Environment and Safety,” held at Hotel Sonargaon in Dhaka.
Khan noted that shortsighted policies by politicians and stakeholders have contributed to crises in the energy sector, with widespread illegal connections adding to supply shortages. He highlighted that while exploration efforts by Bapex have seen limited progress, LPG imports are relatively easier to manage and can play a crucial role in addressing domestic shortages.
He also stated that lowering LPG prices could make it feasible to use LPG in electricity generation. Advising businesses to maintain the government-set consumer price, he stressed the importance of industry cooperation to ensure price stability for end-users.
The seminar included detailed discussions on the future policy framework of the LPG sector, safety standards, market structure, environmental sustainability, and investment opportunities, underlining the need for coordinated efforts between the government and private sector to secure an affordable and reliable LPG supply in Bangladesh.
