The prices of edible oil are likely to drop within a day or two due to fall in prices in global market, said secretary to the Commerce Ministry Tapan Kanti Ghosh on Sunday.
“Good news will come in a day or two about the prices of edible oil. We are focusing on re-fixing the prices of edible oil and the Tariff Commission will sit with the oil refining companies to fix the new prices,” he said.
Tapan revealed this information while responding to a question from reporters at a press briefing organised on the occasion of the 12th Ministerial Conference of World Trade Organisation at the secretariat.
Bangladesh import soybean oil from Paraguay, Brazil and Argentina and it takes 45 to 60 days to arrive in Bangladesh, he said.
On June 9, bottled soybean oil price jumped to Tk205 per litre.