Bangladesh : TCB hikes edible oil price by Tk 35 a litre
The Trading Corporation of Bangladesh (TCB) has increased prices of edible oil, sugar, and lentils as it begins subsidised truck sales from May 22 to June 3 ahead of Eid-ul-Azha. Family card-holders can buy limited quantities. Prices rose slightly to reduce government subsidy costs, with edible oil now Tk 135/litre, sugar Tk 85/kg, and lentils Tk 80/kg.
The state-run Trading Corporation of Bangladesh (TCB) has increased the prices of edible oil, sugar, and lentil as it begins sale of commodities through trucks at subsidised rates from Thursday, May 22, ahead of Eid-ul-Azha.
The truck sale operation starts on Thursday (May 22) across the country and continue to June 3, according to a notice issued on Wednesday, May 21.
Family card-holders can purchase up to two litres of edible oil, one kg of sugar and two kg of lentils.
Under the initiative, edible oil will cost Tk 135 per litre, sugar Tk 85 per kg and lentil Tk 80 a kg.
After reviewing commodity prices fixed by TCB, it was found that price of edible oil rose by Tk 35 per litre, sugar by 15 per kg and lentil by 20 a kg from previous prices.
Seeking anonymity, a TCB official said prices are being raised slightly to reduce costs as the government is providing a large subsidy in selling TCB essentials.
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Source : Jago News 24
