Bangladesh : Edible oil prices go up, effective from Monday
Edible oil prices in Bangladesh have been raised after discussions between refiners and the commerce ministry. Bottled soybean oil now costs Tk195 per litre, up by Tk6, while a five-litre bottle is Tk955. Loose soybean oil rises to Tk176 and palm oil to Tk166 per litre. The revised rates take effect Monday and reflect global market trends.
Prices of edible oil have been increased in the country following negotiations between the refiners and the commerce ministry.
With the fresh adjustment, the retail price of bottled soybean oil has been hiked by Tk6 to Tk195 a litre, according to a press release issued by the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association on Sunday.
Meanwhile, the price of a five-litre bottle of soybean oil has been set at Tk955, up by Tk33 from Tk922.
The revised prices will come into effect on Monday.
According to the decision, the price of unpackaged soybean oil has been increased by Tk7 to Tk176 per litre, while the price of palm oil will also rise by Tk16 to Tk166 a litre.
The new rates have been set in consultation with the commerce ministry, aligning local prices with the international market, read he release.
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Source : Daily Sun
