Edible oil prices increased by 13 taka per liter, effective from today

Staff Correspondent

The Bangladesh Vegetable Oil Refiners and Vegetable Oil Manufacturers Association has decided to increase the price of edible oil in the country’s market again. The new prices will be effective from October 14.

A statement signed by the organization’s executive officer, Md. Nurul Islam Molla, said the adjustment was made due to the impact of price increases in the international market.

The new price of one liter of bottled soybean oil has been set at 195 taka and a five-liter bottle at 945 taka. Unopened soybean oil will be sold at 177 taka per liter, while the price of unopened palm oil has been set at 163 taka.

Currently, one liter of bottled soybean oil was being sold in the market for 189 taka, open soybean oil for 174 taka, and palm oil for 150 taka. As a result, the price has increased by 3 to 13 taka per liter this time.

The notification further said that after discussions with the Ministry of Commerce, this new price has been set in line with the international market, which will be effective immediately.