Edible oil prices cut by Tk 3 per litre
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 on Monday.
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.
Edible oil price cut to Tk 141 per litre
Star Business Report
Star Business Report
Consumers will now be able to buy a litre of edible oil at Tk 141 per litre as refiners and manufacturers have reduced the price by around 2 per cent from Tk 144.
The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association took the decision yesterday following a commerce ministry request.
The reduction comes eight days after the price of the necessary cooking ingredient was raised by Tk 5 per litre.
The association in a press release said it had decided to give a discount of Tk 3 per litre at the ministry s request considering the limit in purchasing capacity of consumers during the holy month of Ramadan and the Covid-19 pandemic.
Staff Correspondent,
bdnews24.com
Published: 26 Apr 2021 03:33 PM BdST
Updated: 26 Apr 2021 03:59 PM BdST
The government has rejected a proposal from a group of cooking oil traders to increase prices before the Eid-ul-Fitr. );
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Companies importing, processing and marketing cooking oil in Bangladesh urged the government to increase prices in a third proposal this year.
The government will not accept any price hike during Ramadan, the Ministry of Commerce said. Any company selling edible oil for an elevated retail price will face disciplinary action, AHM Shafiquzzaman, additional secretary of the commerce ministry, said on Monday.
Edible oil traders came up with a proposal to increase the local prices citing a global price hike, he said. The government, however, has no plan to increase edible oil prices before Eid, he said.