A shortage of bottled soybean oil has been reported in several markets across Dhaka, with consumers struggling to find one- and two-liter bottles despite stable retail prices. Dealers have reportedly raised wholesale prices, reducing retailers’ profit margins. Open soybean and palm oil prices have also increased. Some shopkeepers said companies are supplying less oil, while panic buying linked to conflict in the Middle East has worsened the situation.

Commerce Minister Khandaker Abdul Muktadir, after meeting with importers and traders, denied any shortage, stating that there is sufficient stock and no reason for price hikes. He attributed the temporary supply pressure to consumers purchasing more than usual out of fear. The minister warned that panic buying could allow unscrupulous traders to exploit the situation and assured that monitoring would be intensified.

Oil companies and importers also rejected claims of reduced production or supply, asserting that distribution remains normal. The ministry confirmed that consumer protection authorities and local administrations will continue market inspections to prevent manipulation.