Bangladesh Energy Regulatory Commission (BERC) has reduced the price of 12 kg cylinder of Liquefied Petroleum Gas (LPG) by Tk 40. The price was increased by 8 taka last month. The new rate will be applicable from 6:00 pm on Wednesday. The price per 12 kg cylinder of LPG gas has been fixed at Tk […]
However, analysis of agricultural marketing department information shows that currently rice prices in three divisional towns – Rajshahi, Rangpur and Sylhet are cheaper than the newly determined minimum price of rice. In Rajshahi, the price is Tk 45, and in Rangpur and Sylhet it is Tk 46. Questions are being raised on fixing the same […]
Following the sudden price drop at the production level, the retail price of onion has fallen by at least Tk 30 in Dhaka's kitchen markets. There was a huge surge in onion prices even before Ramzan, prompting the authorities to take a special initiative to keep the market under control through import of Indian varieties. […]
The Bangladesh Shop Owners Association said the prices of 29 food products, including fish, meat, eggs, pulses and vegetables set by the Department of Agricultural Marketing (DAM) at the producer, wholesale and retail levels are absurd. The association also said that the prices estimated by DAM at the producer level are a figment of their […]
“Such amendments have raised questions about the transparency and accountability of the regulatory process. As a result, the entire burden has been placed on the shoulders of consumers which is neither expected nor appreciated”, he said. The CPD proposed a mixed approach to reduce the subsidy amount paid to BPDB without significantly increasing electricity prices […]
Saudi Aramco on Sunday reported a 24.7 percent drop in profit in 2023 compared with the previous year, a result of lower oil prices and production cuts. Net income is expected to reach 454.7 billion Saudi riyals ($121.25 billion) in 2023, compared with 604.01 billion Saudi riyals ($161.07 billion) in 2022, the oil giant said […]
Minister of State for Commerce Ahsanul Islam Titu has said that a comprehensive list of essential commodities along with their prices will be prepared with the approval of the Cabinet in preparation for next year's Ramzan. He said this at the signing ceremony of a Memorandum of Understanding (MoU) between the Trading Corporation of Bangladesh […]
The government has introduced an automatic pricing mechanism for fuel oils in line with global market prices. Thanks to the development, there has been a slight decline in fuel prices in the local market. According to a gazette notification issued by the Ministry of Power, Energy and Mineral Resources on Thursday, diesel and kerosene prices […]
The new price of soybean oil is going to be implemented from tomorrow, Friday, which will be reduced by 10 taka per liter. The decision was taken at a meeting of the task force on monitoring of market situation and commodity prices at the Commerce Ministry on February 20, which was chaired by state Commerce […]
Like sugar, prices of rice, pulses, edible oil, flour, onion, fish, meat and eggs are still high in the market. Every year in February the prices of winter vegetables reduce significantly. But this year the picture was opposite. Overall, people are not at peace. In its election manifesto announced ahead of the 12th parliamentary elections […]
Just as the political leadership of Bangladesh is unable to reach a consensus on any domestic issue, similarly they are equally adamant on foreign policy issues. BNP leaders say the border with Myanmar is turbulent and unsafe due to the government’s subservient foreign policy. On the other hand, Awami League leaders are not ready to […]
Guti Gold variety rice is now priced at Taka 2,400 per bag and Taka 48 per kilogram, up from Taka 2,200 and Taka 44-45 respectively a week ago. Swarna-5 prices increased by Tk 250 to Tk 2,600 per bag and by Tk 5 to Tk 52 per kg. Additionally, the per kg price of Miniket […]
If customers in the market are charged extra for items, a complaint can be lodged by calling the number ‘333’. After that, steps will be taken accordingly. This service will be activated within 31 January. State Minister for Posts, Telecommunications as well as Information and Communication Technology Junaid Ahmed Palak announced the decision during a […]
A journalist asked how the Finance Ministry could coordinate with the Commerce Ministry in market monitoring. The Finance Minister replied that the Finance Ministry will not work alone and it will work in coordination with others. Asked about controlling money laundering and currency devaluation, the Finance Minister said, “Let us see what can be done […]
The senior commerce secretary cautioned that strict legal action would be taken against those who try to create artificial crisis in the market. Every year before the holy month of Ramzan, the Commerce Ministry usually takes special initiatives to monitor the supply and price list of essential commodities like rice, wheat, edible oil, sugar, pulses, […]