Palm oil price drops by Tk 12, sugar by Tk 6

The government has reduced the price of palm oil by Tk 12 per litre to be sold at Tk 133 while the price of sugar by Tk 6 per KG at Tk 89.

Senior Secretary of the Ministry of Commerce Tapan Kanti Ghosh on Thursday said that the prices of palm oil and sugar have been reduced in the local market in line with the reduction of prices of such items in the international market.

He informed that the new price structure has been fixed in consultation with the concerned stakeholders and businessmen while this new price would be made effective from Sunday, reports BSS.

Meanwhile, the Ministry of Commerce in a press release informed that the maximum retail price of palm oil would be Tk 133 per litre while Tk 128 per litre at the mill gates.

On the other hand, the maximum retail price of packaged sugar per KG would be Tk 89 while that of loose sugar at Tk 84 per KG.