DHAKA, June 30 (Xinhua) -- Bangladesh has decide to hike retail gas prices in the country by 32.8 percent on July 1.

The increases were approved by the Bangladesh Energy Regulatory Commission and decision was announced by its chairman Monowar Islam Sunday in capital Dhaka on Sunday.

The prices for single burner from July 1 will be 925 taka and 975 taka for double burners, as against the current prices of 750 taka and 800 taka, respectively.

The commission raised the average gas tariff hiked by 22.7 percent in February 2017.

Experts said the markup in the main utility prices would push up the nation's inflation rate.

Bangladesh's overall inflation rose to 5.63 percent in May due to soaring non-food costs, according to the Bangladesh Bureau of Statistics (BBS).

The Bangladeshi government Sunday passed a record 5.23 trillion-taka (about 62 billion U.S. dollars) national budget, targeting an economic growth of 8.2 percent and average annual inflation rate of 5.5 percent for the next 2019-20 fiscal year starting in July. (1 U.S. dollar equals to about 84 taka)