Essentials' prices not to go up in Ramadan: minister


Staff Correspondent: Commerce minister Tofail Ahmed said on Monday the prices of essentials would not go up during the month of Ramadan, claiming that there are sufficient stocks of essential commodities.

"There will be no crisis of essentials in the month of Ramadan and thus the prices will not go up as there are stocks of the essential
commodities one and a half times higher than the demand," the commerce minister said at a meeting on the current state of demand and supply of the essentials in the Export Promotion Bureau (EPB) auditorium at city's Karwan Bazar. 

The commerce minister asked the traders present at the meeting to keep the differences of wholesale and retail prices at a "tolerable limit".
He also called on the traders to keep in mind so that the sugar price can in no way cross Tk 40 per kg during Ramadan.

Commerce secretary Hedayetullah Al Mamun, however, said the essential prices may increase during Ramadan as people purchase huge quantity at the time. "But there is no reason of increasing the essential prices abnormally," he added.

The Ramadan is going to begin in the third week of this month.