27/01/2008 (The New Nation, Bangladesh) - People are yet to see any letup in the price hike of edible oil, one of the most essentials, instead of continuous rising.

Per litre of loose soyabean oil was selling between Tk 101 and Tk 105 in the retail market while in the wholesale market it was selling at Tk 96 yesterday.

Palm oil and palm oil super was selling, in the retail market, at Tk 92 and Tk 96 respectively in the city's different markets.

In the Saturday's market a five-litre container of Rupchanda brand was selling at Tk 502. Most of the five-litre containers of other brands were selling between Tk 495 and Tk 500.

Sources said, the mill owners, wholesalers and the retailers made the consumers hostage and continuously raising edible oil price.

Informed sources said mill owners raised Tk 10 on per 40 kg of edible oil and subsequently the retailers increased Tk 5 to Tk 10 on per kg.

The Government fixed the mill gat price of soyabean oil at Tk 91.10 per kg and palm oil at Tk 87.08 effective between January 22 and February 06. And the price of per 5-litre container at mill gate was fixed at Tk 494.

However, the BDR outlets in the city are selling per litre of soyabean oil at Tk 88, per 2-litre bottle at Tk 184 and 5-liter container at Tk 455.

Informed sources said price of edible oil in the international market rose significantly in the last couple of days. Edible oil price might rise in the local market further in the coming days.