Good News: Prices of edible oils reduced by Rs 15 per liter, relief from inflation will be available soon

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edible oil - India TV Paisa
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edible oil

Highlights

  • Dhara Mustard oil price reduced from Rs 208 to Rs 193
  • Fortune Kachchi Ghani one liter pack reduced from Rs 205 to Rs 195
  • Soya oil prices fall from Rs 169.65 to Rs 167.67

Good News: Food Secretary Sudhanshu Pandey said on Wednesday that due to the reduction in international rates and timely intervention of the government, the prices of edible oil have started coming down in the retail market. According to government data, the average retail prices of packaged edible oils, except groundnut oil, have come down marginally across the country since the beginning of this month and remain in the range of Rs 150 to 190 per kg. Last week, edible oil companies – Adani Wilmar and Mother Dairy – reduced the MRP (maximum retail price) for various types of edible oils by Rs 10-15 per litre. Both the companies said that the stock with the new MRP will soon hit the market.

The situation improved with the intervention of the government

“The trend in edible oil prices is very positive due to timely intervention of the government and global developments,” Pandey told reporters. Not only are the prices of edible oil, retail wheat and wheat flour stable, he said, adding that the rules have been useful to keep domestic prices under check. A senior food ministry official said major edible oil brands have reduced MRP in a phased manner and recently they have cut prices by Rs 10-15 per litre.

All edible oils become cheap

According to data compiled by the Department of Consumer Affairs, the average retail price of groundnut oil (packed) was Rs 188.14 per kg on June 21 as against Rs 186.43 per kg on June 1. The price of mustard oil has declined marginally from Rs 183.68 per kg on June 1 to Rs 180.85 per kg on June 21. The price of vegetable remains unchanged at Rs 165 per kg. Soya oil prices declined marginally to Rs 167.67 from Rs 169.65, while sunflower prices declined marginally to Rs 189.99 from Rs 193 per kg. The price of palm oil declined from Rs 156.52 on June 1 to Rs 152.52 per kg on June 21.

Rice, flour and pulses also under control

The department monitors the prices of 22 essential commodities like rice, wheat, flour, some pulses. Adani Wilmar on Saturday cut the prices of its edible oils by Rs 10 per litre. The MRP of one liter pack of Fortune Refined Sunflower Oil has been reduced from Rs 220 per liter to Rs 210. The MRP of Fortune Soyabean and Fortune Kachchi Ghani (Mustard Oil) one liter pack has been reduced from Rs 205 per liter to Rs 195. Mother Dairy last week said it has reduced the prices of its cooking oil by up to Rs 15 per liter in line with the softening of prices in global markets. The company sells its edible oils under the Dhara brand. The price of Dhara mustard oil (one liter poly pack) has been reduced from Rs 208 to Rs 193 per litre. Dhara Refined Sunflower Oil (one liter poly pack) will now be sold for Rs 220 per liter from Rs 235 earlier. The price of Dhara Refined Soyabean Oil (1 liter poly pack) will be reduced from Rs 209 to Rs 194.

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