Voice of Time, Rangpur: Commerce Minister Tipu Munshi said that the price of edible oil in the country may come down in October. He said this while talking to reporters at his residence in Rangpur on Saturday (September 10) morning.
Tipu Munshi said that the price of edible oil is decreasing in the world market. As a result, it will be adjusted in the country’s market. Hopefully, the price of edible oil will decrease in the next month. The process has already started.
He said that Prime Minister Sheikh Hasina visited India recently. Bilateral business discussions during his visit have been very fruitful. Trade between the two countries will increase in the near future. The related facilities will also increase.
Earlier, Bangladesh Vegetable Oil Refiners and Banaspati Manufacturers Association increased the price of soybean oil by 7 taka on August 23. They made this decision even though the world market is decreasing. As a result, the price of bottled soybeans stands at Tk 192 per liter. Earlier this price was 185 taka.
The price of open soybean oil is fixed at Tk 175 per litre. And the price of 5 liter bottling is Rs 945. Besides, the price of 1 liter of open palm oil is Tk 145.
Before this, the price of edible oil in the world market was reduced. On July 17, oil marketing companies reduced the price of soybean and palm oil in the country.