Bangladesh’s Trade Adviser Sheikh Bashiruddin stated that the recent increase in edible oil prices by traders has no legal justification and was done without government approval. Speaking to reporters at the Secretariat on Wednesday, he said the government learned about the price hike only half an hour before it was implemented. The adviser criticized the collective decision by companies to raise prices, calling it unacceptable. He noted that the Trading Corporation of Bangladesh (TCB) recently purchased soybean and rice bran oil from these companies at prices about 20 taka lower than current market rates, questioning the rationale behind the hike. Bashiruddin assured that the government will discuss and determine appropriate actions, including possible legal measures if laws were violated. He emphasized that the government retains regulatory authority over traders and aims to maintain a stable supply chain, especially ahead of Ramadan. The adviser also mentioned that prices of sugar, lentils, and eggs have recently decreased, indicating positive market trends.