The government has stepped back from its move to hike the sugar price to Tk160 considering the sufferings of the public.

“The decision has been withdrawn considering public suffering,” the industries ministry said in a press statement on Thursday (22 February) night.

Earlier on the day, the Bangladesh Sugar and Food Industry Corporation (BSFIC) under the industries ministry issued a notice stating that the maximum retail price of the state-owned mills producing sugar has been set at Tk160 per kg, an increase of Tk20 per kg.