Dhaka, April 16 -- AT a time when the prices of edible oil are reportedly decreasing in the international market, the Vegetable Oil Refiners and Banaspati Manufacturers Association has recently written a letter to the Bangladesh Trade and Tariff Commission seeking to increase the price of bottled soybean oil by Tk 18 per liter and the price of open soybean and palm oil by Tk 13 per liter.
They said that they also need to increase the price of one liter of bottled soybean oil to 189 taka, which was 175 taka so far.
The new price of five liters of bottled soybean oil is Tk 922, which was previously Tk 852. In addition, the new price of each liter of open soybean and palm oil is Tk 169, which was Tk 157.
As the import duty exemption on edib...