Edible oil price not to increase now, decides govt

The price of edible oil will not be increased until the integrated and uniform pricing system is finalised, reports UNB.

The decision was taken after a tripartite meeting at the commerce ministry on Thursday afternoon, said AHM Safiquzzaman, additional secretary (Import and Internal Trade).

Safiquzzaman told reporters that the proposal of price hike by Tk 8 to Tk 10 for per litredible oil was not approved.

At present the price of bottled soybean oil is Tk 160 per litre. The traders proposed to increase the price of this edible oil by Tk 8 per liter. In that case, the price in the retail market would be Tk168 per litre. The mill's gate price would be Tk158, and the distributor price would be Tk 162 per litre.