TCB to sell soybean oil at Tk 110 per liter from Monday

Despite the rise in soybean oil prices in the country, the Trading Corporation of Bangladesh (TCB) will sell oil at Tk 110 per liter in the open market from next Monday (May 16).

Humayun, a spokesman for the company, said that although the date has been fixed, the quantity of products and their prices have not been fixed yet. It will be decided by meeting in two days.

The price of TCB's soybean oil will be strongly discussed at the meeting. This is because soybean oil prices have risen in stages since the start of TCB sales. Therefore, the Ministry of Commerce will decide whether the price of soybean will be adjusted with the market price or will be sold at the previous price of Tk 110 per liter.

For the 11th time this year, TCB has started selling products for low income people at affordable prices. The company has sold products every month of the current financial year. However, the sale of goods has been stopped since April 24 before Eid.

Last April, a consumer could buy a maximum of two kg of sugar at Tk 55 per kg, a maximum of two liters of soybean oil at Tk 110 and two to five kg of onion at Tk 30 per kg from a TCB truck.