Oil Price Hike
Price of 1-litre bottle of soyabean oil raised by Tk 12
Loose soyabean oil price up Tk 9 per litre, 5-litre bottle up Tk 54
Palm oil Tk 10 costlier than govt rate
Though the government last December had fixed the rate of loose palm oil at Tk 117 per litre, retailers said they were charging Tk 125 to Tk 127
Oil prices climb over $2/bbl ahead of OPEC+ meeting
Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day.
Fuel prices may be adjusted: Nasrul Hamid
The government may adjust fuel prices, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said.
Petrol pump owners’ strike on Aug 31 for increase in fuel sales commission
Petrol pump owners today called a symbolic strike on August 31 in demand of increased commission for selling fuel.
Oil prices rise on tight supply worries, soft dollar supports
Oil rose slightly on Tuesday, paring earlier losses and after soaring by more than $5 barrel in the previous session, amid concerns about tight supply.
Hefty subsidy to create challenge for budget management: Kamal
A hefty amount of subsidy allocated by the government to offset the price increases in the global market may pose a challenge in the budget management for the next fiscal year, said Finance Minister AHM Mustafa Kamal today.
Oil prices advance on low oil inventories expectation
Oil prices drifted higher on Wednesday, anticipating a report of low U.S. oil stocks, while expectations of solid demand in the upcoming driving season also lent support.
Believing businesses on oil price hike was a mistake: Munshi
Believing the businessmen was a mistake as they have hoarded and hiked the edible oil prices abnormally in the local markets after the Eid-ul-Fitr, Commerce Minister Tipu Munshi said today.
Oil prices jump above $111 as EU mulls ban
Oil prices jumped more than $4 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and after a weekend attack on Saudi oil facilities.
VAT on edible oil only 5pc now
The National Board of Revenue (NBR) yesterday cut value added tax (VAT) at imports of edible oil to 5 per cent from 15 per cent in line with the government’s decision to reduce the indirect tax to give some relief to consumers.
Edible oil price hike: Manipulation merry-go-round
The supply order, crucial for dealership of edible oils, has turned out to be a key tool being used to inflate the prices at the country’s biggest trade hub in Chattogram.
