Mill owners have agreed to lower the prices of soybean oil by Tk 10 a litre following a government initiative to cut tariffs on certain essentials in a bid to stabilise the market before Ramadan. State Minister for Commerce Ahasanul Islam Titu made the announcement after a task force meeting on commodity prices on Tuesday, according to bdnews24.com. The decision comes in the wake of the National Board of Revenue's move to reduce import duty on edible oil by Tk 5, prompting mill owners and refiners to agree on a price cut to support consumers during the fasting month.

Source: bd News24 February 20, 2024 21:05 UTC