, March 9 -- Commerce Minister Khandakar Abdul Muktadir on Monday said there will be no increase in edible oil prices and there is no supply shortage in the market, urging consumers not to engage in panic buying.

"Panic buying could create temporary supply pressure in some areas, unnecessarily complicating the situation," he said while talking to reporters after a meeting with importers and refinery owners to review the overall supply of edible oil at Secretariat.

He said the meeting was held to review the situation following media reports over the past few days about an alleged shortage of edible oil in some areas and incidents of selling the product at Tk 2 higher per litre.

He also urged the consumers to refrain from buying excessiv...