Refiners want Tk 10 hike in edible oil price

Bangladeshi edible oil refiners seek to raise retail prices by Tk 10 per liter, citing the expiration of a temporary value-added tax (VAT) reduction. However, the state minister for commerce has opposed any immediate price hike, stating that the situation will be reviewed. The refiners claim the reduced VAT, introduced in February to ease prices ahead of Ramadan, has now ended. The government’s stance suggests it aims to maintain stable edible oil prices for consumers despite the refiners’ demands. (photo/dailystar)