Dist admin to watch selling at fixed price

The government has directed the divisional commissioners and the deputy commissioners to ensure that edible oils are sold at the prices fixed earlier.
As a prompt follow-up action, the deputy commissioners have already started market monitoring, said an official release yesterday.
The government in a meeting with the businesspeople concerned held at the commerce ministry on February 25 fixed the price of soya bean oil at Tk 103 per kilogram while palm oil at Tk 96 per kilogram at mill gate.
It also fixed the maximum retail price of soya bean oil at Tk 106.50 per kilogram while palm oil at Tk 99.50 per kilogram.
Though the businesspeople agreed to follow the rates fixed in the meeting, the prices of soya bean and palm oils reportedly marked a rise on the market.
The government has also asked the chairman of the Trading Corporation of Bangladesh (TCB) to send daily report to the commerce ministry after spot visit to the oil-selling outlets or markets.
In case of exception in the selling prices of edible oils, people have been asked to inform the commerce ministry "immediately".
Earlier on Monday, the government banned export of soybean and palm oils for six months to ensure its "sufficient supply on the domestic market".