Soybean oil
Don’t increase public discontent by raising soybean oil prices
The new Bengali year did not turn out to be very auspicious for Bangladeshis. The day before Pohela Boishakh (the Bengali New Year), gas prices were raised; the day after, the price of soybean oil increased. Gas prices for new industries went up by 33 percent, and soybean oil rose by Tk 14 per liter. On Tuesday (April 15), Commerce Adviser Sheikh Bashir Uddin made this announcement. After a meeting reviewing the overall situation regarding edible oil imports and supply, the commerce adviser told reporters that the government increased the price of soybean oil in the domestic market based on reduced subsidies, the need to boost revenue collection, and international market prices. However, he stated that this price hike is temporary. He claimed that with increased supply and competition in the market, prices could be brought down in the near future.
Soybean oil price goes up by Tk4
The price of bottled soybean oil has increased by Tk4 to Tk167 per liter.
Soybean oil price goes up by Tk10 per litre
The price of soybean oil has gone up by Tk10 per litre. Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association issued a press release in this regard on Tuesday.
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