Loose palm oil price cut by Tk 19/ liter

Staff Reporter:

The government has reduced the retail price of loose palm oil by Tk 19 per liter, bringing it down from Tk 169 to Tk 150, following a decline in prices on the international market.
Commerce Secretary Mahbubur Rahman announced the new price at a press conference held at the Ministry of Commerce in the capital yesterday, in the presence of Commerce Adviser Sk. Bashir Uddin.
He, however, said the price of bottled soybean oil will remain unchanged at Tk 189 per liter.
The commerce secretary also mentioned that palm oil constitutes around 60 percent of the total edible oil consumed in the domestic market.