Soybean Oil Price In Bangladesh: Bangladesh Vegetable Oil Refiners and Manufacturers Association, an organization of the refining mill owners, on August 23, 2022 announced to raise the maximum retail prices (MRP) of loose, and bottled soybean oil by Tk 9 and Tk 7 per liter respectively citing the reason for the rise in the dollar value.
According to the new price rate, per liter loose soybean oil will now be sold at Tk 175, which previously was Tk 166, and per liter bottled soybean oil at Tk 192, which was Tk 185.
New price of a 5 liter bottle of soybean oil is Tk 945 for, which was Tk 910 before the price hike, the country's leading online news portal bdnews24.com reported.
Though, soybean oil prices surged, palm oil price has fallen. Its new price has been fixed at Tk 145 by reducing Tk 7 from previous price Tk 152.
bdnews24.com in its report mentioned that the refining mill owners' association sent a letter to the Commerce Ministry informing it that the new price will come into effect from August 23.
See new soybean oil price in bd at a glance
- 1 liter bottled soybean oil - Tk 192
- 5 liter bottled soybean oil - Tk 945
- 1 liter loose soybean oil - Tk 175
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Earlier on July 17, 2022, the government reduced the maximum retail prices of bottled soybean oil by Tk 14 to Tk 185 from Tk 199.