The government will procure 1.65 crore litres of soybean oil for the state-run Trading Corporation of Bangladesh (TCB).
The decision was taken on Wednesday at a meeting of the Cabinet Committee on Government Purchase (CCGP) chaired by Finance Minister AHM Mustafa Kamal.
Briefing reporters virtually after the meeting, Cabinet Division Additional Secretary Abdul Barik said the cabinet committee approved three procurement proposals of the TCB under the Commerce Ministry to procure 1.65 crore litres of Soybean oil with a cost of around Taka 305.25 crore.
TCB will procure 55 lakh litres of oil from Super Oil Refinery Ltd, 55 lakh litres from City Edible Oil Ltd Dhaka and another 55 lakh litres from Meghna Edible Oil Refinery Ltd. All the companies are based in Dhaka.
