, April 29 -- The Ministry of Commerce on Wednesday raised the retail price of both bottled and loose soybean oil by Tk 4 per litre, citing mounting pressure from global market volatility and sustained losses incurred by importers and refiners.

The decision was announced by Commerce Minister Khandaker Abdur Muktadir following a meeting with edible oil traders at the ministry's conference room.

Under the revised pricing, bottled soybean oil will now retail at Tk 199 per litre, up from Tk 195, while loose soybean oil has been fixed at Tk 180 per litre against the previous rate of Tk 176.

The price of five-litre bottled soybean oil has been adjusted to Tk 975 from Tk 955. Palm oil prices remain unchanged.

Justifying the upward revision, ...