DHAKA, Jan. 12– In response to a protracted supply shortage disrupting domestic and commercial sectors, Bangladesh Bank has relaxed import rules for liquefied petroleum gas (LPG).
Under the new arrangement, LPG imports will now be classified as industrial raw materials, and payments can be deferred for up to 270 days, according to a circular issued by the central bank on Monday.
The move comes amid a severe LPG supply crunch in the South Asian country, which has been experiencing a shortage of cooking gas since December.
Private operators imported approximately 1.46 million tonnes of LPG into Bangladesh last year. (Namibia Daily News/Xinhua)
