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TCB fixes prices of sugar, edible oil

Market watch committees formed

Staff Correspondent
Trading Corporation of Bangladesh (TCB) has fixed the prices of commodities to be sold during the Ramadan.
The state-owned corporation has fixed the retail price of sugar at Tk 40 per kg, gram at Tk 50 per kg, palm oil Tk 58 per litre, unpacked soybean oil at Tk 70 per litre and bottled soybean oil at Tk 76 per litre, a commerce ministry press release said.
At dealers' level, TCB will sell sugar at Tk 37 per kg, gram at Tk 47 per kg, palm oil atTk 55 per litre in Dhaka and at Tk 54 per litre outside Dhaka, unpacked soybean oil at Tk 67 per litre and bottled soybean oil at Tk 73 per litre, said the release.
TCB made these decisions yesterday in a meeting held at the
SEE PAGE 15 COL 3 FROM PAGE 1 ministry presided by Commerce Minister Faruk Khan.
TCB will start selling the aforesaid products to dealers from its warehouse on August 19, the release added.
Meanwhile, the Ministry of Commerce during a separate meeting held at its office yesterday formed four new committees to streamline the government's market vigilance activities in Dhaka.
Headed by a deputy secretary of the ministry, each committee will visit the city's markets to monitor whether price charts are displayed properly in line with the government directives, said another press release issued by the ministry.
The committees will also watch whether anyone is doing brisk business, selling commodities at higher price, selling adulterated products, or manipulating weights.
They will be authorised to take instant actions if anyone is found making a windfall profit keeping the consumers underpressure.
The committees will have to report to commerce ministry and, if necessary, the ministry will take legal steps against the unscrupulous businessmen.
Representatives from different ministries, Dhaka City Corporation, Dhaka District Commissioner, BSTI, and also the members of law enforcement agencies have been made members of the committees.
The government has also decided to form district taskforces headed by the Deputy Commissioners and upazila taskforces headed by Upazila Nirbahi Officers in each districts and upazilas across the country.