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LPG prices rise as global markets heat up in winter
Each cylinder now costlier by Tk 100
The retail price of liquefied petroleum gas (LPG) went up 10 per cent in the domestic market in January after demand rose in Western countries because of winter, pushing up the rate in the international markets.
The price of the fuel in the global markets reached $550 per tonne in December, an increase of 17 per cent from $470 in November. The hike caused the price to go up in Bangladesh from January 1.
Now, a 12kg LPG cylinder is being sold in the retail market at Tk 980 to Tk 1,050, depending on companies, up Tk 100 from ten days ago.