Commerce Adviser Sheikh Bashir Uddin has clarified that the government has not raised edible oil prices, countering public confusion after refiners announced new rates. Speaking to reporters in Purbachal on Tuesday (October 14), he emphasized that traders cannot increase prices without the Commerce Ministry’s approval and warned that the government will take necessary action against unauthorized changes. The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association had earlier stated that, following discussions with the ministry, prices were adjusted in line with the international market. Their announcement raised the prices of bottled and loose soybean and palm oils effective from October 14. Following this, many assumed that the government had approved the hike. However, the adviser stressed that no such directive had been issued and that the government is maintaining strict market monitoring to prevent arbitrary price increases by traders.
Commerce Adviser Sheikh Bashir Uddin has said that the government has not raised the price of edible oil. He made the remark on Tuesday (October 14) while speaking to reporters at an event in Purbachal, Dhaka.
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