Dhaka: The government has announced a reduction in the retail price of loose palm oil by Tk 19 per litre, lowering it from Tk 169 to Tk 150, due to a decrease in prices on the international market.
According to Bangladesh Sangbad Sangstha, Commerce Secretary Mahbubur Rahman disclosed the new pricing during a press conference at the Ministry of Commerce in the capital. The announcement was made in the presence of Commerce Adviser Sk. Bashir Uddin.
Despite the change in palm oil pricing, the price of bottled soybean oil will remain steady at Tk 189 per litre, as confirmed by the commerce secretary. He highlighted that palm oil makes up approximately 60 percent of the total edible oil consumed in the domestic market.