The government will procure 2.75 crore litres of Soybean oil from local suppliers.
The decision came Wednesday at a meeting of the Cabinet Committee on Government Purchase (CCGP) held virtually with Finance Minister AHM Mustafa Kamal in the chair.
Under the approval, he said Trading Corporation of Bangladesh (TCB) under the Ministry of Commerce will procure 1.10 crore litres of soybean oil from City Edible Oil Limited with a cost of Taka 203.32 crore.
He mentioned that TCB will also procure 55 lakh litres of soybean oil from Sung Shing Edible Oil with a cost of Taka 101.47 crore.
Another 1.10 crore will be procured from Super Oil Refinery Limited with a cost of Taka 204.54 crore, he added.
The meeting also approved the import of 30,000 tonnes of urea fertiliser from the UAE.