The Trading Corporation of Bangladesh has increased the price of soya bean oil by Tk 10 a litre following the price hike of the commodity on both international and local markets.

The corporation has also increased the price of red lentil by Tk 5 a kilogram.

The TCB sells essential commodities on the open market at subsidised rates with the aim to contain their price spiral on the market.

Amid the frequent price hike of edible oils on the local market, the state-owned trading corporation on Tuesday increased the price of soya bean oil to Tk 110 a litre from Tk 100 a litre.

The TCB also increased the price of red lentil to Tk 60 a kilogram from Tk 55 a kilogram.

A one-litre bottle of soya bean oil was selling at Tk 155-160, a kilogram of onions at Tk 60-65, a kilogram of sugar at Tk 80-95 and a kilogram of red lentil at Tk 90-120 on the market in the  The TCB will start selling the four products across the country through 400-450 trucks today and the operation will continue until November 28.

TCB chairman Brigadier General Md Ariful Hassan said that the price of sugar had remained unchanged and the item was selling at Tk 55 a kilogram at TCB sales centres.

Onions will be sold at Tk 30 a kilogram at the TCB centres.

Private refiners have increased the prices of edible oils on the local market for the last five to six months on the pretext of the price hike of crude oils on the international market.

The TCB sells the commodities at subsidised rates and the amount of subsidy has increased due to the price hike of the items on the market.