Commerce ministry to scrutinise refiners’ proposal to hike soybean oil price by Tk15/litre
The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association has recommended the Ministry of Commerce to hike the prices of soybean oil by Tk15 per litre.
In a letter on Wednesday (2 November), the refiners' association proposed the ministry to adjust edible oil prices in the local market citing a price hike of crude oil and dollar rates in the international market.
The ministry after receiving the letter asked Bangladesh Tariff Commission to prepare a report with recommendations after scrutinising the refiners' proposals.
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The refiners' association proposed to hike the price of one litre bottled soybean oil to Tk193 from Tk178.
It also recommended to hike the price of a five-litre bottle to Tk955 from Tk880 and loose oil to Tk173 from Tk158.
