Local refiners have proposed raising edible oil prices by Tk 10 per litre from the existing market rates, sources said.
Under the proposed pricing, which took effect on Saturday, the maximum retail price (MRP) of one-litre bottled soybean oil has been set at Tk 209, marking an increase of Tk 10 per litre from the previous price of Tk 199.
In a letter sent recently to the Ministry of Commerce, The Bangladesh Vegetable Oil Refiners' and Vanaspati Manufacturers' Association said the proposed Tk 10 increase had been made in line with Section 12(1) of the Essential Commodities Marketing and Distributor Appointment Order, 2011.
Under the rates, a five-litre bottle of soybean oil has been priced at Tk 1,015, while loose soybean oil and loose palm oil have been fixed at Tk 188 and Tk 183 per litre, respectively.
the Association proposed wants to make the rates effect nationwide from today (July 11).
A senior ofdicial of the commerce ministry "No decision has taken yet regarding the issue."
The Commerce ministry has forwarded the prices schedule to the relevant monitoring and tariff authorities for scrutinising, he added.
Previously, on April 29, soybean oil prices were increased by Tk 4 per litre, raising the price of one-litre bottled soybean oil to Tk 199 from Tk 195.
Following that adjustment, the price of a five-litre bottle was raised to Tk 975 from Tk 955, while loose soybean oil increased to Tk 180 per litre from Tk 176.
The price of loose palm oil remained unchanged at Tk 166 per litre.
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