Edible oil prices again higher than govt rates

Bottled soybean oil was retailed at Tk 165-168 a litre at most of the city groceries on Friday against the government set MRP of Tk 160 a litre.

Loose soybean oil, the supply of which was limited till Friday, was sold at Tk 156-158 per litre, a Tk 4.0 a litre hiked in seven days.

Currently, the government-set MRP of loose soybean oil is Tk 137 a litre.

Loose palm oil was retailed at Tk 146-150 per litre marking a 6.0 per cent hike further, said the TCB. The government fixed the MRP of palm oil at Tk 133 a litre on March 20 last.

However, Commerce Minister Tipu Munshi on April 03, the first day of Ramadan, admitted that soybean oil, till then, was sold at Tk168 per litre, Tk 8.0 higher than the government-set rate while visiting the capital’s Karwan Bazar kitchen market on the