Soybean oil price hiked by Tk 6 per litre

After discussing with the government, traders have decided to raise the prices of bottled and loose soybean oil by Tk 6 and Tk 7 per litre, respectively.

The maximum retail price of a litre of bottled soybean oil has been set at Tk 195, while loose soybean oil will be sold at Tk 176 a litre.

The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association announced the decision in a press release on Sunday evening, December 7, after a meeting with the Ministry of Commerce.

The fresh prices will take effect from Monday, December 8, the release said.

The decision comes a few days after the government rejected traders' proposal to increase soybean prices by Tk 9 per litre.

NH/MSU