Monday, 24 January, 2022
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No increase in edible oil price now

Govt decides after meeting with traders

No increase in edible oil price now

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The price of edible oil will not be increased until the integrated and uniform pricing system is finalized.

The decision was taken after a tripartite meeting at the commerce ministry on Thursday afternoon, said AHM Safiquzzaman, additional secretary (Import and Internal Trade), reports UNB.

Safiquzzaman told reporters that the proposal of price hike by Tk 8 to Tk 10 for per litredible oil was not approved.

At present the price of bottled soybean oil is Tk160 per litre. The traders  proposed to increase the price of this edible oil by Tk 8 per liter. In that case, the price in the retail market would be Tk168 per litre. The mill's gate price would be Tk158, and the distributor price would be Tk 162 per litre.