File Photo
The government has taken major steps to provide relief to consumers in the new year. Advance preparations are being made to meet the demand of Ramadan in the first half of 2025. During this time, the Ministry of Commerce has taken special initiatives to ensure the supply of edible oil and keep the syndicate of unscrupulous traders under control.
The Trading Corporation of Bangladesh (TCB) under the Ministry of Commerce has set a target of purchasing 28 crore liters of edible oil in its annual procurement plan for the fiscal year 2024-25. As part of this, the process of purchasing 1.9 crore liters of soybean oil has begun. The cost of this purchase will be Tk 189.14 crore 50 thousand.
An open tender was invited locally on November 25 in accordance with the Public Procurement Rules 2008. The lowest bidder in the tender, Super Oil Refinery Limited, offered to supply 11 million liters of soybean oil at Tk 171.95 per liter. However, the company expressed its inability to supply the remaining 11 million liters.
The tender evaluation committee has recommended that the proposed 1.1 crore liters of soybean oil be purchased in two-liter PET bottles, including transportation costs, for a total of Tk 189.14 million 50 thousand. On December 2,
the oil was purchased at a rate of Tk 172.25 in the same process.
TCB is supplying products at subsidized prices every month to meet the increased demand of Ramadan and low-income people. As part of this, a plan has been taken to purchase 2.2 crore liters of soybean oil to meet the needs of 1 crore families holding family cards.
This initiative of the government is expected to ensure the supply of edible oil during Ramadan and maintain stability in the market.
Source: Online/OFA
Comment Now