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Govt fixes price of edible oil

Staff Correspondent | Published: 14:50, Feb 17,2021 | Updated: 17:32, Feb 17,2021

 
 

Commerce minister Tipu Munshi on Wednesday said that the government fixed the prices of edible oil to keep the price hike of the product under control.

He disclosed the government decision in this regard while addressing a press briefing after a meeting with major importers, traders, wholesalers and government officials at his secretariat office in Dhaka.

The new prices would come into effect immediately, the commerce minister said.

The 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.

The minister said that the price of bottled soybean oil had 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 at the distributor level, and Tk 590 at the mill gate level.

Price of palm oil had been fixed at Tk 104 per litre at the consumer level, Tk 98 per litre at the distributor level, and Tk 95 per litre at mill gate, the minister said.

The minister said that the government fixed the new price following the price hike of edible oil on the international market.

The prices of edible oil would be revised on the local market if the prices of edible oil were changed on the international markets, he added.

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