Bangladesh Govt reduces loose palm oil price by Tk 19 per litre
The government cut the retail price of loose palm oil by Tk 19 per litre, reducing it from Tk 169 to Tk 150 amid lower global prices, Commerce Secretary Mahbubur Rahman announced. Bottled soybean oil remains at Tk 189. Palm oil accounts for about 60 % of domestic edible oil consumption.
The government has reduced the retail price of loose palm oil by Tk 19 per litre, bringing it down from Tk 169 to Tk 150, following a decline in prices on the international market.
Commerce secretary Mahbubur Rahman announced the new price at a press conference held at the Ministry of Commerce in the capital on Tuesday, in the presence of commerce adviser SK Bashir Uddin.
He, however, said that the price of bottled soybean oil would remain unchanged at Tk 189 per litre.
The commerce secretary also mentioned that palm oil constitutes around 60 per cent of the total edible oil consumed on the domestic market.
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Source : New Age
