Soybean oil fixed Tk 115 per liter in retail market
Published: 01:33 PM, 17 February 2021
Soybean oil fixed Tk 115 per liter in retail market; File Photo
The price of soybean oil has been fixed at Tk 115 per liter. At the same time, the price of bottled soybean oil has been fixed at Tk 135 per liter.
Commerce Minister Tipu Munshi informed reporters on Wednesday morning.
Earlier, the Commerce Secretary Dr. Md. Zafar Uddin said the committee has almost completed the work to determine the reasonable price of edible oil. “We will hold an inter-ministerial meeting with the Commerce Minister and announce the reasonable price of oil in a day or two,” he added.
Dr. Md. Zafar Uddin said oil prices have doubled in the international market. It is not possible to say anything to the traders – because soybean oil is imported from abroad. “The international market cannot be controlled. Although the price of edible oil has doubled in the international market, it has not doubled in the domestic market,” he added.
The Commerce Secretary said the rational price would be determined by applying a formula of the international market, local market price, demand and supply, etc.