Bangladeshi government is planning to import refined edible oil as its present price in the country is excessively high compared to that in the international market, local news agency UNB reported Tuesday.

An official release Tuesday said concerned agencies have been asked to find out whether any person or quarter is involved in the artificial price hike of the edible oil.

"Legal steps will be taken if any one or quarter is found involved in it as the import and supply of edible oil are satisfactory," the release said.

It said the government is also considering reducing import duties on crude and refined oils to a reasonable level to stabilize the market.