Titas has increased the residential prepaid meter rent to Tk 200 from this January, which was Tk 100 so far.
Titus Gas Authority said that according to the recent decision of the government, the monthly rent of residential prepaid meters of all gas distribution companies under Petrobangla has been revised.
In a notification from Titus on Monday, the price of each prepaid meter is Tk 25,000 considering the life span of each prepaid meter is 10 years, installation cost, web system, meter and server maintenance cost etc. Titus installed these meters on loan.
Titus said that the meter price is adjusted month to month for the convenience of customers rather than taking the entire price together.
The notification also informed that the government has already fixed the price of residential gas at Tk 18 per cubic meter for the convenience of customers. But in 2023, the combined price of domestically produced gas and imported LNG is much higher than the average of Rs 18 per cubic meter.
Titus also pointed out that the government has to give subsidy against every cubic meter of gas in the residential sector and the increase in gas prices is unacceptable.