Edible oil prices go up before Ramadan

The prices of edible oil in the country’s market have been increased after showing reason of price hike in the international market. The price of soyabean oil at the retail level has been increased by 2 taka per liter and by 4 taka per liter for the bottled oil.

The information came through a press release of the commerce ministry after holding national committee meeting of essential commodity marketing and distributors on Monday.

According to the decision, price of soyabean oil at retail level at the mill gate was fixed at 113 taka, 115 taka at the dealer level and highest 117 taka per liter. The bottled soyabean oil is fixed at 127 taka at the mill gate, 131 at the deader level and highest 139 taka per liter. The price of 5 liter bottled soyabean oil at the mill gate is fixed at 620 taka, 640 taka at the dealer level and highest 660 taka. Besides, price of one liter palm oil is fixed at 104 taka at the mill gate, 106 taka at the dealer level and highest 109 taka.

Earlier, on February 17 at the national committee meeting, per liter bottled soyabean oil was fixed at 123 taka at the mill gate, 127 taka at the dealer level and 135 taka at the retail level.

The price of five liter bottled soyabean oil was fixed at 585 taka at the mill gate, 600 taka at the dealer level and 625 at the retail level.

According to the commerce ministry sources, as the prices of crude soyabean and palm oil are unstable in the international market, so the national committee meeting was held to adjust the local market prices with the international market considering the interest of the refinery millers and consumers.

AH