Decision on edible oil price hike after Feb 6

PBC News:  The government will not increase the prices of edible oil in the next 15 days. Commerce Minister Tipu Munshi said this at a press conference on Wednesday after a meeting with oil traders.

“We have no plan to hike edible oil prices in the next 15 days. Will take the decision considering everything. The oil traders have increased the prices without informing us. We requested them to reduce it,” the minister said.

“Edible oil importers informed us again again that the prices of oil in international market have increased. But we could not take any final decision today, will take the decision after February 6,” Tipu Munshi added.