Edible Oil Price Drops to Tk199 Per Litre

The price of edible oil has been reduced by Tk6 per litre effective from Monday (27 June).

With the new rate, a 1 litre bottle will now cost Tk199, down from Tk205, reports media. 

Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association announced the new rate on Sunday (26 June).

The prices of 1 litre loose edible oil have been reduced to Tk180 and a five-litre bottle to Tk980.

The retail prices will come into effect from tomorrow (June 27).  

Earlier on the day, Commerce Secretary Tapan Kanti Ghosh said the edible oil prices in the country were likely to come down in the next two days as the global marketplace reported a declining trend recently.

"You can hear the news of price decline of edible oil in the local markets within a day or two. We are working to adjust the price in line with the international rates."

He spoke at a press conference at his secretariat office in Dhaka.