The government has fixed the edible oil price to contain instability in the price of the essential cooking ingredient.
The national committee on essential commodity marketing and distribution comprising representatives from the government and business community on Wednesday fixed the loose soybean oil price at Tk 115 per litre, bottled soybean oil price at Tk 135 per litre and palm super oil price at Tk 104 per litre at the consumer level.The committee fixed the price by taking into consideration the overall situation, including global price trend, Commerce Minister Tipu Munshi said.
The minister urged all to consider the public interest and ensure the sale of edible oil at fixed prices.
Price of loose soybean oil has been set at Tk 115 per litre at the consumer level, Tk 110 per litre at the distributor level and Tk 107 per litre at the mill gate, Tipu Munshi informed.
Bottled soybean oil price has been fixed at Tk 135 per litre at the consumer level, Tk 127 per litre at the distributor level and Tk 123 per litre at the mill gate.
Price of five-litre bottled soybean oil has been fixed at Tk 630 at the consumer level, Tk 610 per litre at the distributor level, and Tk 590 per litre at the mill gate level.
The commerce minister also informed that price of palm oil has been set at Tk 104 per litre at the consumer level, Tk 98 per litre at the distributor level and Tk 95 per litre at the mill gate.The minister said the government fixed the new price following the price hike of edible oil in the international market.
He called for creating enough stock of essential commodities targeting the ensuing holy month of Ramadan so that no crisis of essential items is created at that time.
The prices of edible oil would be revised on the local market if its prices change in the international market, he added.
The national committee, headed by the commerce secretary, was formed under the ‘Essential Commodities Marketing and Distributor Appointment Order 2011’ back in 2011.