No price hike for edible oil now, further review needed: minister
The government has no plan to hike edible oil prices in the next 15 days as further review of the prices is needed, Commerce Minister Tipu Munshi said today.
Munshi said this at a press conference after a meeting with millers, refiners, wholesalers and importers of edible oil at his secretariat office in Dhaka.
After 15 days, the minister will sit again with the refiners and millers to review and fix the edible oil for the local markets, he said.
"We could not take any final decision in today's meeting as further review is needed," Munshi said.
The minister asked the refiners to reduce prices of the cooking oil if possible, he said.
However, the refiners have been asking for increasing the prices further, the minister said.
Earlier, the edible oil refiners and importers proposed the government increase bottled edible oil prices by Tk 8 per litre to Tk 168 from January 8.