Dhaka, Feb. 9 -- The government has imposed 25% regulatory duty (RD) on the export of rice bran oil, aiming to shore up domestic supplies.

A gazette notification was issued in this regard on Sunday.

It said as per the power conferred by the Customs Act, 2023 and in consultation with the National Board of Revenue (NBR) 25% regulatory duty has been imposed on the export of rice bran oil and its fractions.

This notification will come into force immediately, it added.

Bangladesh is currently facing a severe edible oil crisis, with soaring prices and supply shortages significantly impacting consumers nationwide, particularly ahead of the holy month of Ramadan.

In Dhaka's kitchen markets, both packaged and unpackaged soybean and palm oils ...