Edible oil prices not hiking...

Dhaka, Wednesday   19 January 2022

Edible oil prices not hiking

 Staff Correspondent daily-bangladesh.com

 Published: 06:02 PM, 6 January 2022  

File Photo

File Photo

The hike of edible oil of Tk 8-10 per liter proposed by traders is not effective. The current price will remain the same until the integrated and uniform pricing system is finalized.

The decision was taken after a tripartite meeting at the Ministry of Commerce on Thursday, said Additional Secretary to the Ministry of Commerce AHM Safiquzzaman (Import and Domestic Trade).

Earlier, the Bangladesh Vegetable Oil Refiners and Vegetable Manufacturers Association, an association of edible oil refining mill owners of the country, had proposed to hike the price of oil by Tk 8 per liter citing an “increase in import cost”.  

In a letter to the Ministry of Commerce from the association, it was informed that the price of edible oil will be increased from January 8. In this context, the Ministry of Commerce sent the matter to the Tariff Commission for scrutinization.