Refiners reduce edible oil prices by Tk 4 per litre to Tk 149

The refiners have reduced the prices of edible oil by Tk 4 per litre ahead of the Eid-ul-Azha. The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association took the decision today. The consumers will be able to buy a litre of bottled soybean oil at Tk 149 from July 1 with a 2.6 per cent decrease in the current price of Tk 153. As per the new decision, the retail price of loose soybean oil will be Tk 125 per litre and loose palm at Tk 108 per litre. The price of a five-litre bottle has been set at Tk 712. The association, in a press release, said it has decided to reduce the oil prices by Tk 4 per litre following consultation with Bangladesh Trade and Tariff Commission considering the purchasing capacity of consumers amid the Covid-19 pandemic ahead of Eid-ul-Azha scheduled to be held by the end of July.