LPG consumption expected to boost in Bangladesh

Bangladesh’s LPG consumption is expected to reach 1 million MT in 2018, up 53% year on year on increased demand from the transport household and commercial sectors. Favourable government policies, including duty waivers on imports of LPG, have been key drivers of consumption and investment in the LPG sector, said Akramuzzaman, deputy secretary with the Ministry of Power, Energy and Mineral Resources.

The use of LPG as a transport fuel has seen particularly strong growth because of Autogas competitiveness against 92 RON and 95 RON gasoline, added Saidul Islam, director and CEO at privately owned LPG distributor Laugfs Gas Bangladesh.

Autogas prices are at around Taka 50/litre across 50 Autogas filling stations operational across the country, compared with Taka 86/litre for 92 RON gasoline and Taka 89/litre for 95 RON gasoline, he added.

Bangladesh consumed around 650,000 MT of LPG in 2017, versus 400,000 MT in 2016, and 250,000 MT in 2015, Islam said. The country’s LPG requirements are largely met by imports, including 60% of cylinder and 95% of bulk demand. For more information, please check this link.

7 November 2018