Russia-Ukraine war triggers hike in edible oil price: Quader

Russia-Ukraine war triggers hike in edible oil price: Quader

The price of soybean oil has been increased in Bangladesh on grounds of rise in the global market as a fall-out of Russia’s war with Ukraine, said Road Transport and Bridges Minister Obaidul Quader on Friday.

The minister made this remark while talking to the reporters during inspection of a project to develop Dhaka-Narayanganj road to six lanes in the Signboard area of Narayanganj.

The minister said, “Prices of everything including oil and fuel are rising all over the world following the war.”

“Bangladesh is not an isolated place, so war’s effect will be everywhere.”

However, Quader said, "People will not suffer because Sheikh Hasina is a crisis manager. She used her foresight to save the country even during the Covid pandemic. Our Prime Minister has the courage and integrity to deal with it.”