Staff Reporter :
The government fixed the prices of edible oil prices keeping consistency with the international market.
A press release issued by the Commerce Ministry on Monday said the decision of price hike was taken at a meeting of the National Committee on Daily Essential Commodity Marketing and Distribution on Monday.
The committee fixed Tk 113 for per litre loose soybean oil at the mill gate which was Tk 107.
Besides, the committee recommended that bottled edible oil be priced at Tk 127 at the mill gate while Tk 131 at dealer level and Tk 139 at retail level.
On the other hand per five-litre bottled edible oil was fixed at Tk 620 at the mill gate, Tk 640 at the dealer level and Tk 660 at the retail level.
The price of a litre of loose palm oil at mill gate was fixed at Tk 104 while Tk 106 at dealer level and Tk 109 at retail level.
Earlier on February 17, the price of per litre loose soybean oil was fixed at Tk 115 for consumer while Tk 110 distributor and Tk 107 for the mill gate.
The government fixed the price in presence of Commerce Minister Tipu Munshi. Nevertheless, some unscrupulous businessmen try to make more profit by increasing edible oil price ahead of Ramadan.
As a result, consumers suffer a lot to purchase edible oil with high price. On the other hand, loose palm oil and Soybean oil are being sold at a high price. But it is a matter of hope that the government is optimistic to curb the edible oil price before Ramadan. The price of edible oil fluctuates the international oil price, said some businessmen in the city market. Eventually, the question raises how long the redundant price of edible oil lasts!
