The Commerce Ministry has given nod to hike price of bottled soybean oil at Tk 8 per liter while unbottled at Tk 7, which will be effective from Monday (February 07).

The price is being increased due to the price hike in international market.
The decision came after a meeting between the Commerce Ministry and The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association on Sunday (February 06).

Tapan Kanti Ghosh, Senior Secretary of the Ministry of Commerce, made the disclosure to reporters after the meeting.

As per the fresh decision, the price of bottled soybean oil has been increased by Tk 8 to Tk 168 per liter and the price of unbottled soybean oil has been increased by Tk 7 to Tk 143 per liter, the price of 5-liter bottle soybean oil has been increased by Tk 35 to Tk 795 and the price of palm oil has been increased by Tk 15 to Tk 133.