Prices Fixed For 15 Days
Wednesday, 22 December 2010

EDIBLE OIL

The government has fixed the prices of edible oil for the second time in a month.

The prices, set for the next 15 days, will come into effect on Thursday, said A K Azad, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), on Wednesday.

He said unpacked soybean oil price for other places than greater Chittagong has been fixed at Tk 90 per litre, while Tk 89 for Chittagong.

The previous price, set on Dec 5, was Tk 86 and Tk 84 respectively.

Azad said the oil price at mill gates for wholesalers has been fixed at Tk 88 for places other than Chittagong and Tk 87 for Chittagong.

The prices of bottled oil could be charged highest 15 percent more than that of the mill gate price in both Dhaka and Chittagong, he said.

One- and two-litre bottles will have to be sold at Tk 101.20 plus 15 percent, while the price of five-litre bottle will be fixed including the bottle cost, the FBCCI president said.

The decision came following a meeting with the commerce ministry officials.

After a meeting with edible oil importers and refiners on Monday, commerce secretary Golam Hossain told reporters that the prices would be readjusted soon in line with the international market prices.

He said a committee, led by the Tariff Commission chairman, will fix the prices.

Hossain said the committee could not ascertain a specific formula for fixing the prices and alleged that the prices of edible oil, fixed by the government, were not followed properly by the refiners.

Source: bdnews24.com

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