Soybean oil prices rise Tk 9 per liter
The price of soybean oil was hiked by Tk 9 per liter on Thursday amid coronavirus pandemic.
In a press release, Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association said that the prices of soybean oil was hiked by Tk 9 a litre.
The prices of soyabean oil went up earlier before the Eid-ul-Fitr.
The association said that it proposed for increasing Tk 13 per liter to the government. However, the Ministry of Commerce approved increase of Tk 9 per liter on Thursday. 2021-05-27
Soya bean oil price goes up by Tk 9 per litre in Bangladesh
Staff Correspondent | Published: 22:44, May 27,2021 | Updated: 00:19, May 28,2021
The government on Thursday allowed edible oil refiners to increase the price of soya bean oil by Tk 9 a litre to Tk 153 a litre.
On May 3, the government allowed them to increase the price of soya bean oil to Tk 141 a litre from Tk 139 a litre before Eid-ul-Fitr, celebrated on May 14, and to Tk 144 a litre after Eid.
The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association in a press release on Thursday said that the one-litre bottle of soya bean oil would be sold for Tk 153 from Saturday while the five-litre bottle would be retailed at Tk 728.
The hike had come about on April 25.
It took one-litre bottles of branded soybean oil to Tk 144 from Tk 139, that sold loose to Tk 122 and a five-litre branded bottle Tk 685, up from Tk 660 not long before. Loose palm oil will cost Tk 113.
This is the fifth rise in three months, reasoned as a ripple effect from international markets.
Another hike has been proposed as international rises are leading to losses, said Md Shafiul Ather Taslim, director for finance and operations at TK Group, a leading importer and processor of essential goods.
A government decision is likely within a week, he said, without elaborating further.
Refiners cut edible oil prices by Tk 3 per litre
Star Business Report
Star Business Report
The consumers will now be able to buy a litre of edible oil at Tk 141 as the refiners and manufacturers have reduced the price by Tk 3 per litre.
Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association took the decision today following the request of the commerce ministry.
The refiners and manufacturer revised the prices of the necessary cooking ingredient eight days after they raised the prices by Tk 5 per litre.
The association has decided to give a discount of Tk 3 per litre at the request of the Ministry of Commerce, considering the purchasing limit of consumers during the holy month of Ramadan and the Covid-19 pandemic, it said in a press release.
Edible oil prices cut by TK 3 per litre
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DHAKA, May 03, 2021 (BSS) – The purchasers from now on be able to buy a litre of edible oil at TK 141 as the refiners and manufacturers have reduced the price by TK three per litre.
The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association confirmed this in a press release today .
The refiners and manufacturers association prompted to reduce the price following request of the commerce ministry.
Earlier, on April 25, the association increased per litre edible oil to TK 144 . But now considering the purchasing capacity of the consumers during the holy month of Ramadan and the Covid-19 pandemic, the association has decided to cut the price by TK three per litre at the request of the Commerce Ministry.