Amid much talk over the higher price of soybean oil, the government on Sunday reduced the price of bottled soybean oil by Tk14 to make it Tk 185 per litre.
The new price will be effective from Monday across the country, a senior official of the commerce ministry told UNB.
In consultation with the commerce ministry, the Bangladesh Vegetable Oil Refiners and Vegetable Manufacturers Association (BVORVMA), an association of owners of edible oil refining and marketing companies on Sunday made the announcement.
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This brings down the bottled soybean oil price by 7.03 per cent from Tk199 to Tk 185 per litre due to the declining price in the global market.
The BVORVMA also agreed to reduce the price of palm oil from Tk 6 a litre to Tk 152 a litre.
The new price of five-litre bottle of soybean oil will be Tk 910, down from Tk 980, he said.