Traders at the capital’s Karwan Bazar on Monday announced price reductions on several essential commodities, including lemon, edible oil, sugar and beef, ahead of Ramadan to ease consumers’ burden.

The announcement came at a press conference organised by Islamia Shanti Samiti at the kitchen market of Karwan Bazar.

Business leaders said they have decided to lower prices by reducing their profit margins in consideration of consumers during the holy month of Ramadan.

According to the traders, the price of lemon will be reduced by Tk 2 per piece, edible oil by Tk 1 per litre, sugar by Tk 1 per kg, gram (chhola) by Tk 2 per kg, Tang (200g packet) by Tk 5, beef by Tk 30 per kg and Miniket rice by Tk 1 per kg.

Lemon traders said lemons are sold in different categories depending on quality and source. Premium-quality lemons are currently sold at up to Tk 17 per piece, while lower-grade ones sell for as low as Tk 3. Prices of all categories will be reduced by Tk 2 per piece, they added.

Edible oil traders said they will cut Tk 1 per litre. A five-litre bottle, previously sold at Tk 920, will now be available at Tk 915.

Traders also said packaged sugar, which has a printed price of Tk 105 per kg and was being sold at Tk 102, will now be sold at Tk 101 per kg. The price of gram has been reduced from Tk 85 to Tk 83 per kg.

Beef traders announced a Tk 30 reduction per kg, bringing the price down to Tk 750. Miniket rice will also be sold at Tk 1 less per kg, they said.

Among others, Saiful Islam Milon, MP from Dhaka-12 constituency, and business leaders of Karwan Bazar were present at the press conference.