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Proposal to hike price of bottled soybean oil by Tk 15 per litre

  • Sun Online Desk
  • 4th November, 2022 07:44:47 PM
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Proposal to hike price of bottled soybean oil by Tk 15 per litre

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Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association has proposed to increase price of bottled soybean oil by Tk 15 per litre.

To hike price of the edible oil, the association on Tuesday submitted the proposal to Commerce Secretary Tapan Kanti Ghosh.

Since excess price hike of oil in the international market and dropping value of Taka against dollar, members of the association proposed to surge the price of bottled oil from Tk 178 to Tk 193 per litre, according to the proposal signed by Nurul Hossain Mollah, an executive official of the association,

Earliar a month ago, the price of the oil declined by Tk 14 per litre. The association again is trying to escalate the price by Tk 15.

The government did not take any final decision yet to increase the price of soybean oil. Usually, the ministry takes decision  after scrutinise the proposals from businessmen.