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State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Saturday said his ministry would fix the price of Liquefied Petroleum Gas (LPG) through consultation with the stakeholders concerned.

"Initiatives have been underway for keeping the price of LPG at a tolerable stage," he said this as the chief guest, while launching Petromax LPG at Bangabandhu International Conference Centre (BICC).

He said the businessmen should operate their businesses keeping in mind their social responsibility, adding, "It might be possible to supply LPG to apartments or community based households through pipeline by preserving it."

The natural gas or the Liquefied Natural Gas (LNG) would be supplied to industries as its opportunity cost is high at industries, Nasrul said adding that the government so far approved 55 companies for LPG bottling and marketing in the country.

"These companies' production capacity is 23.60 lakh tonnes, while the country's demand is 30 lakh tonnes," the state minister added.

Among others, lawmakers Dr M Habibey Milliat and Mahfuzur Rahman, chairman of Youth Group Rejaqul Haider and managing director of Youth Group Feroz Alam spoke on the function.