Bangladesh’s Commerce Minister Khandaker Abdul Muktadir announced on Sunday that edible oil prices will not increase for now. He made the statement after a meeting held to review the country’s edible oil supply situation. The minister said the government’s top priority is to prevent price hikes amid global instability and that regular reviews are conducted to monitor supply and imports of this sensitive commodity.

The meeting took place at the Commerce Ministry with representatives from domestic edible oil suppliers in attendance. The minister noted that no decision had been made to raise prices at this stage. Earlier, the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association had proposed a price increase in a letter to the ministry. After evaluation by the ministry and the Bangladesh Trade and Tariff Commission, the proposal was rejected.

Discussions were also held about providing certain additional facilities to oil suppliers to help them adjust profits without raising prices, though the specific measures have not yet been finalized.