The government has raised the price of soybean oil. However, the reason behind this price hike has not been clarified. As in previous instances, the shortage of oil has been cited as the cause for the increase.
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On Monday (December 9), a meeting with traders was held to decide on the pricing of edible oil, according to Trade Advisor Sheikh Bashiruddin. He stated that the new prices would come into effect from today.
The advisor announced that the price of bottled soybean oil has been raised by 8 BDT per liter, making it 175 BDT per liter. Meanwhile, the price of loose soybean oil has been increased by 8 BDT per liter, setting it at 157 BDT per liter.
