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The government once again reset and raised the maximum retail prices of edible oil today second time in a month in an excuse of its spiralling international rates. The retail price of loose palm oil (super) has been fixed at Tk 109 per litre, up from Tk 104 that was fixed last month. For loose soybean oil it was fixed at Tk 117 per litre, up from Tk 115.
Edible oil prices hiked again Staff Correspondent Staff Correspondent
The government increased prices of edible oil yesterday, less than a month after doing the same citing price hike in the international market.
On February 17, Commerce Minister Tipu Munshi said the prices in the domestic market had been adjusted with that of the international market.
A national price setting committee, a body under the commerce ministry, yesterday hiked the prices after consultation with importers, millers, wholesalers and trade body leaders, it said.
At retail, the price of not-packed palm oil (super) has been fixed at Tk 109, up from Tk 104 per litre fixed last month. Prices of not-packed soybean oil have been fixed at Tk 117, up from Tk 115 per litre.
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