Investigation team formed to probe edible oil market instability
Photo: Courtesy
Bangladesh Competition Commission has formed a three-member enquiry team to investigate the reason behind the price hike and instability in edible oil market.
The investigation team was formed under the Competition Act, 2012, said a press release issued by the commission Thursday (10 March).
The commission has requested all to provide information regarding anti-competitive practices in the market, through the mail secretary.ccb2012@gmail.com.
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Edible oil prices continue to soar in the last two months as prices of imported edible oils increased in the international market.
Meanwhile, the government decided to waive value-added tax (VAT) on soybean oil till 30 June.
