Bottled soybean oil price has dropped by Tk 14 per litre. The price of one liter of bottled soybean oil will be Tk 178, which is currently being sold at Tk 192.

The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association announced the reduction in the price of soybean oil at a press release on Monday.

The association of traders said that the new rate of soybean oil will be effective in the market from Tuesday.

With the new rate, a five-litre bottle of soybean oil will cost Tk880, according to a notice issued by the association.