Bottled soybean oil prices hiked by Tk 7 per litre
23 August 2022, 04:22 pm | Updated: 23 November 2024, 05:58 pm
The prices of bottled soybean oil has been raised by Tk 7 per litre, according to a notification issued by the Bangladesh Vegetable Oil Refiners and Bonaspati Manufacturers Association. The new prices will be effective from Tuesday.
Bottled soybean oil will now be available at Tk 192 per litre instead of the earlier Tk 185. Similarly, loose soybean oil will be retailed at Tk 175 per litre while a five-litre bottle of the commodity will cost Tk 945.
The decision to increase the soyabean oil prices was taken after discussions with the country's Trade and Tariff Commission and the Ministry of Commerce on August 17. The association sought a 20 percent price hike at the meeting.
Similarly, the prices of one litre of loose palm oil has been fixed at Tk 145.
The edible oil marketing companies cut the prices of soybean and palm oil on July 17, adjusting the costs in line with global market rates.
