Improved supply and increased competition will help bring down prices soon, he says
Retailers and wholesalers in markets around Chattogram are selling soybean oil at prices exceeding the government-fixed retail prices, which was to be effective from March 1.
A litre of soybean oil will be Tk 163, down from the existing Tk 173
Edible oil refiners said today that soybean oil price would be cut by Tk 10 a litre from March 1 to pass on the benefit of reduced duty and value-added tax to consumers
Each litre will cost Tk 130.16
For any major crop, there are local and national profiteers, who make plans to maximise profits way before the crops land in the markets.
Consumers’ right body DG says at ERF event
Sales will begin tomorrow
Meghna Edible Oil Refinery Ltd has won a Tk 189 crore contract to supply soybean oil to the state-run Trading Corporation of Bangladesh (TCB), according to a decision of the cabinet committee on government purchase today.
Improved supply and increased competition will help bring down prices soon, he says
Retailers and wholesalers in markets around Chattogram are selling soybean oil at prices exceeding the government-fixed retail prices, which was to be effective from March 1.
A litre of soybean oil will be Tk 163, down from the existing Tk 173
Edible oil refiners said today that soybean oil price would be cut by Tk 10 a litre from March 1 to pass on the benefit of reduced duty and value-added tax to consumers
Each litre will cost Tk 130.16
For any major crop, there are local and national profiteers, who make plans to maximise profits way before the crops land in the markets.
Consumers’ right body DG says at ERF event
Sales will begin tomorrow
Meghna Edible Oil Refinery Ltd has won a Tk 189 crore contract to supply soybean oil to the state-run Trading Corporation of Bangladesh (TCB), according to a decision of the cabinet committee on government purchase today.
The government today extended the reduced 5 per cent value-added tax on edible oil for another three months to continue the relief for consumers from the indirect tax burden.
