Dhaka, Nov. 10 -- Consumers in Bangladesh may face another rise in edible oil prices, as the Bangladesh Trade and Tariff Commission (BTTC) has recommended an increase of Tk 9.27 per litre for soybean oil.

In a notification on Monday, the BTTC said the proposed hike is driven by higher average Letter of Credit (LC) values, increased in-bond and ex-bond costs and a rising US dollar exchange rate.

The commission said the last price adjustment meeting on July 27 had set the price of bottled soybean oil at Tk 189 per litre, effective from August 3. However, subsequent volatility in international markets and a stronger dollar have significantly raised import costs.

International Market Influence

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