Govt hikes per litre bottle of soybean oil by Tk 4, cuts by Tk 2 on unpacked oil

A day after edible oil refiners demanded an increase of Tk 10 against per litre bottle of soybean oil, the government on Thursday fixed the price of per litre bottle of edible oil at Tk 167, hiking by Tk 4. 

State Minister for Commerce Ahsanul Islam Titu said this at a press conference on the reassessment of price of edible oil at the conference room of the Ministry of Commerce on Thursday.

Following the government move, a consumer now will have to pay an extra amount of Tk 18 to purchase a five litre bottle of edible oil, which earlier cost Tk 800.

On the other hand, the government cut the price of per litre of unpacked oil by Tk 2 which now will cost Tk 147.

Earlier on Wednesday, the edible oil refiners sought to hike its retail price by Tk 10 per litre, saying that a value added tax (VAT) reduction, which they had been enjoying for the last two months, expired last Monday.