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Govt plans to give subsidy in promoting LPG

The government is strongly planning to provide price subsidy to consumers to promote the use of liquefied petroleum gas (LPG) across the country by 2018.

Promoting LPG, the use of natural piped gas can be decreased in industrial and commercial purposes as LPG is usable in industries, said the think tanks of this sector.

The next-door neighbour India is providing subsidy to the customers to popularise LPG use, sources said.

An official of energy and mineral resources division (EMRD) said they have already asked the authorities concerned to submit a mega strategic plan early next month to promote the use of LPG.

He told energynewsbd.com that the subsidy will be given through personal bank account of each individual customer.

It was observed in a meeting held on November 19 that the promotion of LPG is impossible without imposing tariff on piped natural gas, said EMRD officials.

An insider of the energy and mineral resources division informed that a high-powered committee is now working to promote LPG.

The demand for LPG in the country is now five lakh tones while the supply capacity is only 1.5 lakh tones, officials concerned said, adding that the private sector is utilising only 40% of the existing LPG production capacity.

The government has already taken many initiatives to fulfill a target of producing an additional 3.25 lakh tonnes of LPG.

Construction of an import-based LPG bottling plant is in progress at Mongla, an official concerned said, adding the plant will be able to produce 1.00 lakh tonnes of LPG per year.

Another import-based LPG project under public-private partnership has been taken at Kumira, Chittagong with the target of one lakh tonnes per year.

Moreover, installation of a LPG plant with the capacity of 5,000 tonnes per year is in initial stage at Elenga, Tangail.

In a bid to promote LPG, Bangladesh Petroleum Corporation (BPC) has already allowed private entrepreneurs to construct LPG bottling plant in the country.

Private sector LPG plants have sought full duty waiver on the import of raw materials to promote LPG in the country.

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