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.
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.
Edible oil prices have risen for a third time in two months, making it even more difficult for low-income groups to afford the essential cooking ingredient amidst the ongoing coronavirus pandemic. The retail price of edible oil has been raised by Tk 5 per litre, said Md Shafiul Ather Taslim, director for finance and operations at TK Group, a leading importer and processor of essential goods.
As such, local importers and processors hiked the retail price of branded soybean oil to Tk 144 from Tk 139 per litre while the cost of a five-litre bottle was set at Tk 685, up from Tk 660 not long ago.