Mon, 28 November 2022
The Daily Ittefaq

Govt cuts soybean oil price

Update : 03 Oct 2022, 18:35

The government on Monday (October 3) reduced the retail price of bottled soybean oil by Tk 14 to Tk 178 a liter from the Tk 192 per liter. The five-liter bottles of soybean oil will be Tk 880 each from now on.

Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association confirmed the matter to the media at a press briefing on Monday.

However, the price of palm oil remains unchanged. With the new price, the price of loose soybean oil is fixed at Tk 158.

According to commerce ministry sources, there is a demand of around 20 lakh tons of edible oil every year in the country. Around two lakh tons edible oil are collected from local markets and the rest of the 18 lakh tons oil is imported.

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