Industry

Govt approves fresh hike in edible oil price effective Friday

The government has approved a fresh hike in the prices of soybean and palm oil by Bangladesh Vegetable Oil Refiners & Vanaspati Manufacturers Association on grounds of increase in the global market.

The association, BVOVMA, fixed bottled soybean oil at Tk 198 per litre while loose soybean oil at Tk 180 per litre, effective from Friday.

It means bottled soybean oil price increases by Tk 38 per litre and loose soybean oil price up by Tk 44 per litre.

The five litre container of soybean oil will be sold at Tk 995, which was earlier sold at Tk 760. The refined palm oil loose will be sold at Tk 172 per litre from Friday.

The Ministry of Commerce on Thursday approved the rate of edible oil submitted by the BVOVMA before the Eid holiday.

Source: United News of Bangladesh