LPG imports will now be treated as industrial raw materials, enabling businesses to import LPG on deferred payment terms through suppliers’ credit or buyers’ credit for a maximum period of 270 days
Every inflated cylinder price tells the story of a broken system that favours syndicates over consumers. Photo:TBS
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Every inflated cylinder price tells the story of a broken system that favours syndicates over consumers. Photo:TBS
Bangladesh Bank has extended major policy support to stabilise the supply of liquefied petroleum gas (LPG) and ease the import process, allowing importers to avail themselves of credit facilities of up to 270 days.
Under the new arrangement, LPG imports will now be treated as industrial raw materials, enabling businesses to import LPG on deferred payment terms through suppliers’ credit or buyers’ credit for a maximum period of 270 days.
The central bank issued a circular in this regard today (12 January), which has been sent to all banks by its Foreign Exchange Policy Department.
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