Four edible oil importers and refiners have got one month time to explain themselves in a case filed by Bangladesh Competition Commission (BCC) for manipulating the production and supply of edible oil in the country. Two refiners- Banshundhara Oil Refiner and Megna-United Oil Refiner limited- will appear at the office of the commission on June 22 and the rest two- City Edible Oil Limited (Teer) and Bangladesh Edible Oil Limited- on June 27 to give their explanation Also read:BCC sues 8 edible oil refiners for unfair price hike The commission filed a case against eight edible oil importers. Four of those companies were asked to participate in the hearing on Wednesday. Md. Mofizul Islam, chairperson of BCC, and other members of the commission gave the order after hearing.

Bangladesh Competition Commission (BCC) has filed a case against eight edible oil refining companies accusing them of ill motive in hiking price of edible oil. The commission filed the case on Wednesday in the national interest under sections 15 and 15 (2) of the Competition Commission Act, it said. Read: Over 92,000 litres of edible oil seized in Rajshahi, 5 held BCC sources said that under Section 15 (2) (b) of the Competition Commission Act, the eight companies have been charged with restricting or controlling the production, supply, market, technical development, investment or provision of services. The Article 15 of the Commission Act states, “No one shall be involved in ill motive directly or indirectly in any contract or instrumentation of production, supply, distribution, warehousing or acquisition of goods or services. By doing so, the commission will be able to take legal action against them in case of adverse effects on the market, monopoly or oligopoly.” Read: The oily confession and our ministers The eight companies are: City Edible Oil Limited, Bangladesh Edible Oil Limited (BEOL), Meghna and United Edible Oil Refinery Limited, Bashundhara Oil Refinery Mill, Shabnam Vegetable Oil, Prime Edible Oil Limited and Globe Edible Oil Limited.