The government would set the prices of nine daily commodities including rice, wheat, flour, and oil, Commerce Minister Tipu Munshi has said.
If any product is sold at a price higher than the fixed rate, the concerned party will not be fined, instead, a case will be filed against them from now on, he told reporters after a meeting at the Ministry of Commerce on Tuesday.
So far, rice, wheat, flour, oil, refined sugar, pulses, cement, and rod prices have been discussed, he added.
Bangladesh Trade and Tariff Commission has been entrusted with the responsibility of fixing the new prices.
While the Directorate of National Consumer Rights Protection and Bangladesh Competition Commission would supervise the markets for irregularities.
Earlier, Commerce Minister Tipu Munshi held a closed-door meeting with stakeholders on the progress of the market's supply, storage, and import processes.
Tipu Munshi on Thursday said the government has no restrictions barring it from importing food products from Russia and Ukraine or any other country.
He said the import of food products was discussed in detail, and there is no national or international issue regarding this.
