The government has reduced the retail price of loose palm oil by Tk19 per litre, following a decline in prices in the international market.
The price of loose palm has been revised from Tk169 to Tk150 per litre while the price of bottled soybean oil remains unchanged at Tk 189 per litre.
Commerce Secretary Mahbubur Rahman announced the new price at a press conference held at the Ministry of Commerce in the capital on Tuesday in the presence of Commerce Adviser Sk Bashir Uddin.
Earlier on April 15, the government and leaders of local edible oil refiners’ associations had fixed the prices of soyabean and palm oils.
