“No intention to fix new price for edible oil before Eid”

“No intention to fix new price for edible oil before Eid”

Dhaka, May 21 - State Minister for Commerce Ahsanul Islam Titu on Tuesday said the ministry has no intention to fix any new price of edible oil before Eid-ul-Azha.

“There will be no adjustment on the import-dependent goods, especially edible oil. I hope the producers and importers will not fix any new price till Eid. Even if the price of the dollar increases, the price of the product will be kept at the same level for the benefit of consumers,” he said while talking to reporters at the Secretariat.

Due to the increase of the dollar rate, the prices of import-based products will go up.

Asking about whether the dollar rate will increase the pressure on consumers, the State Minister said, "I want to assure you, the dollar adjustment is between Tk 10 to Tk 17 and there will be no impact on the consumer level.”

Replying to a question about whether any special measures will be taken to control the market, he said “There is no shortage of products and until Eid there will be no shortage. We're not trying to control the market. We try to ensure that the market is properly functional, that the price is determined according to demand and supply, and that the price of imported goods is close to the indicative price.”

Expressing dissatisfaction, Ahsanul Islam Titu said, there are some unscrupulous people in our country who seek opportunity when Eid comes. Despite ample supply the prices of goods increase in one or two places, he added.

He also assured of reactivating the monitoring system so that no one can take advantage of the market ahead of Eid-ul-Azha.-UNB