Bottled Soybean oil price drops by Tk 14 per litre

The price of bottled soybean oil has been dropped by Tk 14 per litre to Tk 178. The new price will be effective from Tuesday (October 4). 

The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association took the decision at a meeting with the Prime Minister’s Private Sector and Investment Advisor Salman F Rahman and PMO Senior Secretary Tofazzal Hossain Mia on Monday (October 3).

With the new rate, a five-litre bottle of soybean oil will cost Tk 880 which was Tk 945 earlier.

Besides, the price of loose soybean oil has been reduced to Tk 158 per litre.

The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association made the announcement in a press release.

The meeting also discussed the devaluation of taka and complication in settling letter of credit (LC).