State Minister for Commerce Ahsanul Islam Titu has assured consumers of stable prices of daily necessities during the upcoming Ramadan. He hopes steps like easing and increasing imports and punishing hoarders, along with sufficient stocks, will help keep prices down during the Islamic month of fasting, when demand and prices skyrocket. The commerce ministry has sent a proposal to the National Board of Revenue for cutting the duty on these products to a “reasonable” level, according to Titu. Bangladesh will import 20,000 tonnes of onions and 50,000 tonnes of sugar from India, while more cooking oil and sugar are coming from Brazil and other countries, he said. The state minister said the government will act tough on Prime Minister Sheikh Hasina’s orders against traders who stockpile products for price gouging.

Source: bd News24 January 26, 2024 17:35 UTC