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Bangladesh’s interim government has criticized traders for raising edible oil prices without prior consultation or approval from authorities. Commerce Adviser Sheikh Bashir Uddin stated that the traders increased prices by around 20 taka per liter despite recently selling oil to the government at lower rates. He questioned both the justification and legality of the move, suggesting that the price hike lacked any rational basis. Speaking to reporters at the Secretariat on Wednesday, Bashir Uddin said the government would hold discussions with business representatives to determine necessary actions. He also responded to concerns about the growing influence of traders, emphasizing that the government would take appropriate measures through dialogue rather than confrontation. The incident has sparked debate over market regulation and the balance of power between the state and private sector in setting essential commodity prices.
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