The Bangladesh Vegetable Oil Refiners and Banaspati Manufacturers Association has urged the government to hike the prices of soya bean oil by Tk 20 per litre.

The association placed the proposal to the Bangladesh Trade and Tariff Commission on August 3.

They proposed the price of open (loose) soybean oil be raised to Tk 180 from Tk 166 a litre, a litre bottled soybean to Tk 205 from Tk 185 and five-litre bottle to Tk 960 from Tk 910.

In this regard, Bangladesh Trade and Tariff Commissioner Deputy Chief Md. Mahmudul Hasan said, Refiners Association has proposed to us regarding increase in the price of oil. They do this every month.

He said that the proposal could be reviewed now.

‘However, it should be kept in mind that people are under pressure due to the increase in the prices of commodities. The increase in fuel prices will further increase the pressure,’ he said.

Along with the price hike proposal, the association has also provided a breakdown of the cost.

BDST: 1907 HRS, Aug 07, 2022
MSK/SMS