Mon, 03 October 2022
The Daily Ittefaq

Soybean oil price raised by Tk 7 a litre

Update : 23 Aug 2022, 14:20

Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVOVMA) has raised the price of bottled soybean oil by Tk 7per litre, effective from today(August 23).

With the price hike, each litre of soybean oil is now at Tk 192.

On 3 August, the association had proposed to increase the price of soybean oil by Tk20 per litre. The proposal came just weeks after the government reduced prices Tk14 a litre at the retail level, following a price drop in the international market.

Bangladesh Vegetable Oil Refiners and Vegetable Manufacturers Association (BVORVMA) made the proposal to the Bangladesh Trade and Tariff Commission on August 3.

Price of per litre of open soybean oil has been fixed at Tk 175, while the price of per litre of bottled soybean oil has been set as Tk 192.

At the same time, the price of palm oil (open) has been set as Tk145 per litre. 


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