Staff Reporter :
Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association on Thursday decided to reduce the prices of edible oil by Tk 5 per litre.
The decision has been taken in a meeting between the leaders of the association and the Commerce Minister Tofail Ahmed in the ministry’s conference room of the Secretariat in Dhaka.
Fazlur Rahman, Chairman and Managing Director of City Group, disclosed it to the reporters after the meeting. The new prices will be effective from tomorrow (Saturday).
At first, the edible oil traders proposed to cut prices by Tk four per litre.
But considering the consumers’ interest, the minister requested them to cut by Tk five and the traders accepted it.
At present, per litre of Rupchada brand soybean oil is being sold at Tk101 while Teer brand at Tk 97.
Though price of edible oil in the international markets is lower and stable, there was no effect of that rate in the local markets.
The leaders of consumer’s right groups said that a syndicate was controlling the edible oil market in Bangladesh for making more profits.
They have criticed the government for failure of controlling the essential item.
Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association on Thursday decided to reduce the prices of edible oil by Tk 5 per litre.
The decision has been taken in a meeting between the leaders of the association and the Commerce Minister Tofail Ahmed in the ministry’s conference room of the Secretariat in Dhaka.
Fazlur Rahman, Chairman and Managing Director of City Group, disclosed it to the reporters after the meeting. The new prices will be effective from tomorrow (Saturday).
At first, the edible oil traders proposed to cut prices by Tk four per litre.
But considering the consumers’ interest, the minister requested them to cut by Tk five and the traders accepted it.
At present, per litre of Rupchada brand soybean oil is being sold at Tk101 while Teer brand at Tk 97.
Though price of edible oil in the international markets is lower and stable, there was no effect of that rate in the local markets.
The leaders of consumer’s right groups said that a syndicate was controlling the edible oil market in Bangladesh for making more profits.
They have criticed the government for failure of controlling the essential item.
