Compared to last year, loose palm oil price increased 42.76 percent and super one 37.66 percent.
Loose soybean prices soared 35.63 percent. Besides, bottled soybean oil prices rose 28.56 percent while five-litre bottled soybean went up 25.13 percent, according to TCB.
Munshi said the price of edible oil has gone up in the international market and the prices will be adjusted regularly in line with the international market rates.
About the Ramadan market, the minister said, “Enough stock of daily essentials should be ensured to avoid any scarcity considering the upcoming Ramadan. The government will provide all kinds of support in this regard.”
The prices of some essentials like edible oil, chickpea, fowl, brinjal and cucumber see a fresh hike ahead of Ramadan every year as Muslim devotees consume these items in a greater way during the fasting month.