Soyabean oil price lowered by Tk 6 a litre

Retail prices of soyabean oil has been lowered by Tk 6 a litre in the wake of falling of soyabean oil price in international market.

It is learnt that soyabean oil prices have declined by 26 per cent in the international market.

The new price has been fixed at Tk 199 per litre. The new price will come into effect on Monday.

The Bangladesh Vegetable Oil Refiners’ and Vanaspati Manufacturers’ Association has fixed per litre of bottled soyabean oil Tk 199, while 5 litre bottle will be available at Tk 980.

Besides, the retail price of each litre of loose oil will be found at Tk 180.

Earlier on Sunday, Senior Commerce Secretary Tapan Kanti Ghosh said the prices of edible oil might decline in the domestic market soon as the prices are falling in the international markets.

“You can hear the news of price decline of edible oil in the local markets within a day or two as the prices of edible oil has substantially fallen in the international market. We are working to adjust the domestic price in line with the international rates,” he said while addressing a press conference organised on the occasion of 12th Ministerial Conference of the World Trade Organisation (WTO) at his secretariat office in Dhaka.

On June 9 last, the soyabean oil price was fixed at Tk 205 a litre raising the price by Tk 7, while on May 5 last, the soyabean oil price was fixed at Tk 198 a litre raising the price by Tk 38.