Edible oil prices will be adjusted soon: Tipu Munshi

Edible oil prices will be adjusted soon: Tipu Munshi

 Staff Correspondentdaily-bangladesh.com

Published: 12:46 11 August 2022   Updated: 14:48 11 August 2022

Commerce Minister Tipu Munshi; File Photo

Commerce Minister Tipu Munshi; File Photo

Commerce Minister Tipu Munshi today said the price of edible oil will be adjusted soon. The Tariff Commission is working on this.

He said this to reporters after the cabinet meeting at the Secretariat in the capital on Thursday.

The minister said the price of edible oil has come down in the global market, however, it has not been possible to reduce the price of oil due to the increasing price in dollars. The Tariff Commission is looking into the matter. Prices will be adjusted soon.

He added that the transport traders should unite to prevent excessive profit. In this case, the Ministry of Commerce alone has nothing to do. Traders are raking “extra profits” as transport costs rise. It must be prevented. For this, the Ministry of Home Affairs, Ministry of Commerce, Ministry of Road Transport and Bridges, Directorate of Consumer Rights Protection and Tariff Commission have to work together.

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