<div style="text-align: justify; "><b style="font-size: 1rem;">The price of bottled soybean oil has been hiked by Tk 12 per litre to Tk 199, which is effective from today (May 4, 2023).</b><br></div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVORVMA), the association of owners of edible oil refining and marketing companies, has increased the edible oil price, a press release said.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Earlier, the price per litre of bottled soybean oil was Tk 187.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Meanwhile, the price of unbottled soybean oil was fixed at Tk 176 and the price of palm oil was fixed at Tk 135 per litre.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The price of 5-litre bottle of soybean oil was fixed at Tk 960.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Claiming the higher price of soybean and palm oil, the traders argued for hiking the price by Tk 15 per litre to the Bangladesh Trade and Tariff Commission.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The commission allowed the price of bottled soybean oil to be increased to Tk 12 per litre.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">As per consultation with the ministry and tariff commission, the BVORVMA issued a notification of increasing the edible oil price on Wednesday night. UNB</div><div style="text-align: justify;"><br></div><div style="text-align: justify; ">bnbd24/kh&nbsp;</div>