Authorities on Sunday fined seven edible oil wholesalers Tk 16,000 for hoarding and selling soybean oil at a higher price than set by the government during a raid in Sylhet.

The National Consumer Rights Protection Directorate has launched a nationwide campaign to prevent the stockpiling and overvaluation of soybean oil in the market, following the record rise in home cooking oil, reports the UNB.

On the instruction of the director general of the department, the district and the divisional office of Sylhet carried out a drive in Sylhet from 11 am like the rest of the country.

During the trip, warehouses and shops of soybean oil dealers in Kalighat, Kazir Bazar, Lama Bazar, Madina Market, Akhalia and Tuker Bazar of Sylhet city were inspected.

However, no evidence of soybean oil storage was found in any warehouse in the Kalighat district of the city.

Traders claim that there is not enough oil supplied from the oil company’s deposits.

On the other hand, the authorities of the depot informed that the supply of oil was a little less due to the Eid holiday. However, they started getting enough soybean oil from Sunday.

Deputy Director Shyamal Purkayastha and Md Amirul Islam Masud, Deputy Director of the Department were also present on the ride with Sylhet Chamber of Commerce and Law Enforcement.