The ministry of commerce assured citizens that prices of essentials would not increase during the upcoming Ramadan month as the government has sufficient stocks of commodities.
While talking to journalists on Sunday, Commerce Secretary Mahbub Ahmed said: “There is no need to panic about the price hike of essentials. Nobody should believe in rumours. The main reason for the price hikes of essentials is because people shop for the whole month in a single day, believing rumours.”
“The government will hang charts listing rates of commodities in every market. The chart that will be setup at markets within a couple days will carry the price of edible oil, sugar and other essentials,” Mahbub told reporters after holding a meeting with the leaders of Federation of Bangladesh Chambers of Commerce and Industries (FBCCI).
FBCCI President Kazi Akramuddin Ahmed said the price of commodities would not rise this year as it had in previous years. Rather, prices may decrease in this year. The government and business leaders are working together to control prices of essentials during Ramadan.
Business leaders, high officials of the commerce ministry and relevant agencies also joined the meeting held in the capital.