Bangladesh’s Commerce Minister Khandaker Abdul Muktadir announced an increase in edible oil prices on Wednesday during a press conference at the ministry’s conference room. The price of bottled soybean oil has been raised by four taka per liter, from 195 to 199 taka, while loose soybean oil will now sell for 179 taka per liter, up from 175 taka.

The minister explained that the adjustment reflects global market conditions, as product prices at the source have risen worldwide. He expressed hope that consumers would understand the decision in light of the global situation and that the supply situation in the domestic market would become more stable as a result.

The announcement highlights the government’s effort to align domestic pricing with international cost pressures while maintaining supply stability in the edible oil market.